Posted on 28 May 2025
Feng Hsin Steel, Taiwan's largest rebar producer, has decided to roll over its rebar list prices for business discussions over May 26-30, while its procurement prices of local scrap have been raised by another TWD 200/tonne ($6.7/t) on week for transactions this week in response to the higher global scrap prices, according to a company official.
With the latest adjustment, the mini-mill continues to offer its 13mm dia rebar at TWD 17,400/t EXW for business negotiations till this Friday, and its procurement price for local HMS 1&2 80:20 scrap reaches TWD 8,600/t, the official confirmed.
Prices of global scrap delivered to Taiwan increased continuously, encouraging mini-mills on the island to raise their buying prices for local scrap accordingly, Mysteel Global was told.
As of May 26, the price of US-sourced HMS 1&2 80:20 scrap came in at $300/t CFR Taiwan, rising for the second week by another $5/t on week, and the price of Japan-origin H2 scrap was reported at $318/t CFR Taiwan after the on-week growth of $5/t, a market source based in Taiwan said.
Although higher scrap prices may lift production costs of Taiwan's mini-mills, rebar prices on the island have lost the impetus to grow further with demand from end-users shrinking during the wet season.
In parallel, rebar prices in the Chinese mainland also weakened due to the lackluster downstream demand, which aggravated the wait-and-see sentiment in Taiwan's steel market as well, Mysteel Global noted.
For example, the national price of HRB400E 20mm dia rebar, a bellwether of domestic steel-market sentiment, was assessed by Mysteel at Yuan 3,261/t ($454/t) including the 13% VAT as of May 26, falling by Yuan 51/t from one week earlier.
Source:Mysteel Global
