- Taiwan rebar prices cut amid weak construction demand
- Firm imported scrap prices keep domestic rates unchanged
Mysteel Global: Taiwan’s largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has cut its rebar list price by TWD 200/tonne (t) ($6.4/t) for business discussions over 25-29 May 2026, while keeping its local scrap purchase price unchanged for the same period, a company official said.
Following the latest adjustment, Feng Hsin is offering 13mm-diameter rebar at TWD 18,900/t ($602/t) exw through this Friday, while its buying price for local HMS 80:20 scrap remains at TWD 10,300/t, ($328/t) unchanged from a week earlier, the official confirmed.
Global scrap prices delivered to Taiwan have generally remained firm, prompting local mini-mills to maintain their scrap procurement prices to encourage deliveries, Mysteel Global learnt.
As of 25 May, US-origin HMS 80:20 scrap was quoted at $364/t CFR Taiwan, unchanged from a week earlier, while Japan-origin H2 scrap price came in at $390/t CFR Taiwan, up $5/t from a month ago. No quotations for Japanese H2 scrap had been available over the previous three weeks, according to a local market source in Taiwan.
However, rebar demand from downstream contractors in Taiwan remained subdued over the past week. At the same time, billet prices in the Chinese mainland weakened alongside finished steel prices, adding pressure to Taiwan’s rebar market and prompting local mini-mills to reduce their list prices accordingly, the Feng Hsin official told Mysteel Global.
For example, Mysteel assessed China’s national price for HRB400E 20mm rebar at RMB 3,432/t ($506/t), including 13% VAT as of 22 May, down RMB 58/t ($9/t) from a week earlier. Over the same period, prices of Tangshan Q235 150-mm square billets in Hebei province, North China, fell RMB 50/t ($8/t) on week to RMB 3,040/t ($448/t) EXW including 13% VAT.
Note: This article has been written in accordance with a content exchange agreement between Mysteel Global and BigMint.
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