{"id":71217,"date":"2026-07-09T16:11:16","date_gmt":"2026-07-09T10:11:16","guid":{"rendered":"https:\/\/biztrend24.com\/?p=71217"},"modified":"2026-07-09T16:11:16","modified_gmt":"2026-07-09T10:11:16","slug":"taiwan-feng-hsin-cuts-rebar-scrap-prices-as-weak-demand-weighs-on-market","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=71217&lang=en","title":{"rendered":"Taiwan: Feng Hsin cuts rebar, scrap prices as weak demand weighs on market"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Weak construction demand continues to pressure steel market<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Lower import scrap costs reduce mini-mill production expenses<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Mysteel Global:\u00a0Taiwan&#8217;s largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has decided to trim its rebar list price and local scrap purchasing price by TWD 200\/tonne ($6.2\/t) respectively from the previous week for transactions over 6 July -10 July in response to lackluster demand from end users, according to a company official.<\/p>\n<p>For business discussions through this Friday, Feng Hsin is offering its 13mm-diameter rebar at a four-month low of TWD 17,900\/t ($557\/t) EXW. Meanwhile, the mini-mill&#8217;s buying price for local HMS 80:20 scrap stands at TWD 9,400\/t ($292\/t), the lowest since late March, the official confirmed.<\/p>\n<p>Prices of global steel scrap delivered to Taiwan declined further in the past week, reducing production costs of mini-mills on the island and putting some pressure on the local steel market, Mysteel Global learned.<\/p>\n<p>The US-origin HMS 80:20 scrap edged down by $5\/t on week to sit at $340\/t CFR Taiwan as of 6 July, falling for the sixth consecutive week and recording a total loss of $24\/t from the end of May. No quotation for Japanese H2 scrap was available over the past week, according to a local market source in Taiwan.<\/p>\n<p>Rebar demand from end-users in Taiwan remained dull during the typical summer off-season, while prices of rebar and billet in the Chinese mainland also extended the downtrend last week, aggravating negative sentiment in Taiwan&#8217;s steel market, the market source said.<\/p>\n<p>As of 6 July, China&#8217;s national price of HRB400E 20mm rebar was assessed by Mysteel at RMB 3,285\/t ($483\/t) including 13% VAT, slipping by RMB 20\/t ($3\/t) from one week ago, and the price of Tangshan Q235 150mm square billet in North China&#8217;s Hebei province under Mysteel&#8217;s assessment declined by RMB 10\/t ($1\/t) on week to RMB 2,960\/t ($436\/t) EXW and including the 13%.<\/p>\n<p>Weak downstream demand was cited as the primary factor behind the persistent softness in China&#8217;s construction steel market. During 30 June &#8211; 6 July, the daily trading volume of rebar, wire rod, and bar-in-coil among the 237 Chinese trading houses under Mysteel&#8217;s tracking averaged 89,549 t\/day, logging another on-week fall of 3.2%.<\/p>\n<p>Note: This article has been published in accordance with a content exchange agreement between Mysteel Global, SEAISI , and BigMint.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weak construction demand continues to pressure steel market Lower import scrap costs reduce mini-mill production&#8230;<\/p>\n","protected":false},"author":1,"featured_media":71218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[313],"tags":[],"class_list":["post-71217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?fit=1280%2C720&ssl=1?v=1783591870",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?resize=150%2C150&ssl=1?v=1783591870",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?fit=300%2C169&ssl=1?v=1783591870",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?fit=640%2C360&ssl=1?v=1783591870",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?fit=640%2C360&ssl=1?v=1783591870",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?fit=1280%2C720&ssl=1?v=1783591870",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?fit=1280%2C720&ssl=1?v=1783591870",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?resize=1115%2C715&ssl=1?v=1783591870",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?resize=800%2C500&ssl=1?v=1783591870",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?fit=1024%2C576&ssl=1?v=1783591870",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?resize=540%2C340&ssl=1?v=1783591870",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?resize=400%2C250&ssl=1?v=1783591870",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T161047.101.jpg?fit=1280%2C720&ssl=1?v=1783591870","jetpack-related-posts":[{"id":70601,"url":"https:\/\/biztrend24.com\/?p=70601&lang=en","url_meta":{"origin":71217,"position":0},"title":"Global: Billet export prices fall w-o-w amid cautious buying, weaker scrap markets","author":"Biz Trend 24","date":"July 5, 2026","format":false,"excerpt":"UAE buyers cautious over billet certification concerns Iranian export offers decline as buyers resist prices Global billet markets remained under pressure during the week ended 4 July as weak downstream steel demand, softer scrap prices, and cautious buying sentiment continued to weigh on trading activity. 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