Posted on 30 Apr 2025
Feng Hsin Steel, Taiwan's largest rebar producer, has continued to keep its rebar list prices and procurement prices of local scrap unchanged for business discussions over April 28-May 2, according to a company official.
For transactions till this Friday, the Taiwanese mini-mill is offering its 13mm dia rebar at TWD 17,800/tonne ($551/t) EXW, and its procurement price for local HMS 1&2 80:20 scrap also stays flat on week at TWD 8,800/t, the company official confirmed.
It is the second consecutive week that the company has rolled over the two prices to monitor market changes, given diverging prices for imported scrap delivered to Taiwan, Mysteel Global noted.
As of April 28, the price of US-sourced HMS 1&2 80:20 scrap fell for the fourth consecutive week to touch a three-month low of $295/t CFR Taiwan, down by $8/t on week due to slack demand, while the price of Japan-origin H2 scrap was reported at $315/t CFR Taiwan, taking a pause after the decrease over the prior two weeks, according to a local market source.
In parallel, rebar prices in Chinese mainland showed signs of recovering recently with improved market sentiment and replenishment demand from end-users before the country's Labour Day holiday over May 1-5. This has also prompted steel mills in Taiwan to wait and see for more clues, Mysteel Global noted.
For example, the national price of HRB400E 20mm dia rebar, a pointer to China's steel-market sentiment, was assessed by Mysteel at Yuan 3,369/tonne ($463/t) including the 13% VAT as of April 28, rising by Yuan 68/t from one week before.
Construction steel sales in the country's physical market increased slightly, with the daily trading volume of rebar, wire rod and bar-in-coil among the 237 trading houses nationwide under Mysteel's tracking averaging 117,142 tonnes/day over April 22-28, higher by 2,949 t/d on week.
Source:Mysteel Global
