Taiwan’s import scrap market has relatively remained stable, with ex-US scrap prices showing some downward movement. There is not a lively trading in the Taiwanese domestic rebar market amid the difference between buyers’ and sellers’ prices ideas. In the current week, major Taiwanese producer Feng Hsin has kept its domestic rebar prices stable at TWD 18,500/mt ($571/mt) ex-works, dollar-based prices moved sideways over the past week. However, buyers are asking for TWD 18,000/mt ($556/mt) ex-works for rebar in Taiwan.
Offers for ex-US HMS I/II (80:20) scrap in containers have slightly declined by $5/mt on the lower end week on week and are now at $340-350/mt CFR. There are deals closed at around $340-349/mt CFR. As a result, actual price has increased by $4/mt on the upper end.
Ex-Japan offers for H1/2 (50:50) scrap by bulk to Taiwan have remained stable at $355-366/mt CFR. No bookings from Japan in Taiwan have been heard this week. Japanese scrap offers are considered very expensive as compared to ex-US containerized material, market sources report.
Domestic HMS I/II 80:20 scrap prices in Taiwan have remained stable at TWD 11,100/mt ($343/mt) delivered to mill.
$1 = TWD 32.37