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Steel Rebar Demand Surges as Mills Hike Scrap Purchase Prices
Non-Energy Minerals · Steel · economic_daily · 2026-10-23
2015
Taiwanese steel mills have raised scrap purchase prices, triggering a wave of inventory restocking that resulted in 150,000 tons of new orders.
What Happened
Rebar Demand Recovery: Domestic steel rebar manufacturers have recently increased scrap purchase prices by NT$300 to NT$400 per ton, successfully stimulating downstream inventory restocking. The industry has secured approximately 150,000 tons of new orders over the past week, providing a boost to quarterly performance.
Rising Input Costs: The depreciation of the New Taiwan Dollar has significantly increased the cost of imported scrap, widening the gap with local prices and forcing mills like Feng Hsin and Tung Ho Steel to raise purchase prices. Market participants anticipate that rebar prices will likely follow this upward trend in the coming week.
International Market Trends: Global scrap prices remain stable, with US containerized scrap and Japanese bulk scrap holding steady. Analysts suggest that as winter approaches and supply tightens, any further market volatility could provide mills with additional leverage for future price hikes.
Infrastructure Support: Despite a cautious market sentiment, institutional investors note that major public infrastructure projects, including MRT lines and energy facilities, continue to proceed as scheduled. These projects are expected to provide a consistent demand base for the steel industry.
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