Taiwan’s Billet Import Analysis Nov’17

In the month of Nov’17, Taiwan’s billet import increased by 55% M-o-M and the Russia remained top exporter to Taiwan contributes more than 40% quantity.

According to Taiwan custom’s data, the nation has imported about 310,000 MT Billet in Nov’17 against 200,000 MT in Oct’17, incline by 55 % M-o-M and Russia has exported around 42% (130,000 MT) billet to the Taiwan.

While, on Y-o-Y in Nov’17 imports are stable against 310,000 MT in Nov’16. Considering current year 2017 (Jan-Nov), the imports down by 1.69% to 2.9 MnT against same preceding 2016 at 2.95 MnT.

Prior to this, in CY16 (Jan-Dec) the country’s billet import was around 3.28 MnT & in CY15 at 2.90 MnT.

As per the SteelMint’s assessment in November 2017, the crude steel production of Taiwan was around 1.9 MnT and in CY17 (Jan-Nov) it was approximately 20.84 MnT. Prior to this it was at 21.57 MnT in CY16 & 21.37 MnT in CY15.

Country wise:

During November 2017, the largest Billet exporters to Taiwan was Russia – 130,000 MT & Japan – 120,000 MT.

Similarly, in the total billet imports during 2017 (Jan-Nov), the major sellers of billet to Taiwan was – Japan 1.47 MnT (50.79%), Russia 0.80 MnT (27.65%), United Arab Emirates 0.32 MnT (10.93%), Iran 0.16 MnT (5.36%) & China 0.09 MnT (3.06%).

Key Updates

1. Taiwan’s prices for importing containerized HMS-grade ferrous scrap is almost stable from the existing level this week, price assessment for USA based HMS (80:20) are at USD 350/MT CNF Taiwan.

2. Last assessment global billet export offer are hovering at USD 515/MT FoB China, USD 505/MT FoB Russia & USD 535-540/MT FOB India.

3. Russia’s exported about 0.13 MnT Billets in Nov’17.

Top Load Country 2017 (till November)

Quantity in MnT
Sources: SteelMint Stats.