Taiwan: Feng Hsin holds rebar, scrap prices steady amid weak end-user demand

• Taiwan’s imported scrap prices remain stable against last week
• Chinese rebar prices gain on hopes of Fed rate cut, policy support

Mysteel Global: Feng Hsin Steel, Taiwan’s largest rebar producer headquartered in Taichung in central Taiwan, has decided to hold its rebar list prices and procurement prices for local scrap for transactions over 24-28 November, a company official confirmed.

For business discussions till this Friday, the mini-mill continues to offer its 13-mm diameter rebars at TWD 16,400/t ($521/t) exw, the same level as last week, and its buying price for local HMS 80:20 scrap stays unchanged w-o-w at TWD 8,200/t ($261/t), according to the official.

Last week, the mini-mill had raised both its rebar list prices and buying prices for scrap by TWD 200/t ($6/t), according to an official.

Prices of global scrap delivered to Taiwan have remained stable of late, with US-sourced HMS 80:20 staying at $300/t CFR Taiwan as of 24 November, the same level as two months earlier. Similarly, prices of Japan-origin H2 scrap were at $315/t CFR Taiwan, unchanged from the prior week, a local market source said.

Feng Hsin’s official explained that local rebar prices have lost the impetus to move up further, as demand from end-users remains weak. The uptick in the past week was mainly underpinned by the international market conditions, he added.

Prices of rebar in the Chinese mainland strengthened further this week, as market sentiment improved in anticipation of the US Federal Reserve cutting interest rates and amid strong expectations in China that new supportive measures may be introduced during next month’s Central Economic Work Conference.

On 24 November, China’s national price of HRB400E 20mm rebar — an indicator of domestic steel-market sentiment — was assessed by Mysteel at RMB 3,283/t ($463/t) including 13% VAT, higher by RMB 15/t w-o-w.

China’s rebar prices in the futures market have also remained firm, with the most-traded contract on the Shanghai Futures Exchange for delivery in January 2026 closing the daytime trading session at RMB 3,089/t on 24 November, up by RMB 13/t from the settlement price on 17 November.

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