Taiwan’s billet import plunged by 33% M-o-M in Jun’18, country’s custom data reported.
The nation has imported about 0.22 MnT Billet in the month of Jun’18 against 0.33 MnT in May’18, decline by 33.33% M-o-M. Prior to this, the billet imports rise by 17.85% M-o-M in May’18. While, on yearly basis in Jun’18 imports rise by 46.67% against 0.15 MnT in Jun’17.
Further in the month of Jun’18, no major Billet imports were recorded from Iran, United Arab Emirates, China & India to Taiwan. Billet imports from Russia also decline by 75% M-o-M & stood at 0.02 MnT in Jun’18.
Considering calender year 2018 (Jan-Jun), the imports fall by 1.79% to 1.64 MnT against same preceding CY17 at 1.67 MnT.
Japan remained in the top list of billet imports (Jan-Jun) in Taiwan with an contribution of about 0.87 MnT (53.03%); followed by Russia 0.34 MnT (20.85%), United Arab Emirates 0.11 MnT (6.51%) & Iran 0.10 MnT (6.33%).
As per the SteelMint’s assessment in CY18 (Jan-Jun), the crude steel production of Taiwan was around 10.81 MnT, and in CY17 in the same duration it stood at 11.16 MnT.
— Taiwan scrap import prices remain weak. Price assessment for US origin HMS (80:20) stood at USD 321/MT CNF.
— Last assessment of global billet export offer are hovering at USD 535-540/MT FoB China & USD 465-475/MT FoB Ukraine.
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