Taiwan: Feng Hsin keeps rebar, scrap prices stable

• Lacklustre rebar demand in Taiwan leads to cautious sentiment
• China’s rebar prices up on policy expectations, Fed rate cut signals

Mysteel Global: Feng Hsin Steel, Taiwan’s largest rebar producer headquartered in Taichung in central Taiwan, has decided to roll over its rebar list prices and procurement prices of local scrap again for transactions over 1-5 December to monitor market changes, a company official confirmed.

For business discussions valid until this Friday, the mini-mill continues to offer its 13mm-diameter rebar at TWD 16,400/tonne (t) ($521/t) exw, unchanged since the second half of November, and its buying price for local HMS 80:20 remained at TWD 8,200/t ($262/t) during the same period, according to the official.

Prices of global scrap delivered to Taiwan remained stable recently, encouraging mini-mills on the island to hold their rebar list prices and buying prices of local scrap, awaiting further market developments in the coming week, Mysteel Global noted.

As of 1 December, prices of US-sourced HMS 80:20 were at $300/t CFR Taiwan, being unchanged since late September. Similarly, prices of Japan-origin H2 came in at $315/t CFR Taiwan, the same level as the previous week, a local market source said.

In parallel, rebar demand from end-users in Taiwan remained lacklustre, aggravating the wait-and-watch sentiment in the local steel market, Mysteel Global learned.

However, rebar prices in the Chinese mainland continued to strengthen in the past few days amid positive market sentiment, buoyed by rising expectations for favourable economic policies from China’s upcoming Central Economic Work Conference in mid-December and a wide anticipation of the US Federal Reserve cutting interest rates this month.

As of 1 December, China’s national prices of HRB400E 20mm rebar — an indicator of domestic steel-market sentiment — were assessed by Mysteel at RMB 3,320/t ($469/t), including 13% VAT, rising by RMB 37/t ($5/t) from one week earlier.

The same day, the most-traded contract on the Shanghai Futures Exchange for delivery in January 2026 closed the daytime trading session at RMB 3,134/t ($445/t), up by RMB 50/t ($7/t) from the settlement price a week ago, according to the exchange’s data.

Note: This article has been written in accordance with a content exchange agreement between Mysteel Global and BigMint.