Taiwan’s import scrap prices move up as rebar sales slowdown

Friday, 01 December 2023 17:25:25 (GMT+3)   |   Istanbul
       

Activity in Taiwan’s domestic rebar market has lost some pace this week, though southern Taiwanese mills have been able to conclude sales of approximately 5,000-10,000 mt each. Major Taiwanese producer Feng Hsin has increased its rebar prices by TWD 300/mt week on week to TWD 19,100/mt ($607/mt) ex-works, recovering by $14/mt on US dollar basis amid exchange rate fluctuations.  

Offers for ex-US HMS I/II (80:20) scrap in containers to Taiwan have increased over the past week from $368-377/mt CFR to $375-380/mt CFR. Prices in actual deals have also moved up from $365-372/mt CFR to $372-375/mt CFR.

Japanese scrap suppliers are sharing offers for H1/2 (50:50) scrap by bulk to Taiwan at $385-392/mt CFR, from $370-385/mt CFR last week.  

Due to the sharp rise in the import scrap segment, domestic HMS I/II 80:20 scrap prices in Taiwan have increased by TWD 200/mt over the past week to TWD 11,800/mt ($375/mt) delivered to mill. Due to the appreciation of the Taiwanese dollar, prices have increased by $9/mt on US dollar basis.

$1 = TWD 31.45


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