"Taiwan Metals Report Q1 2015" now available at Fast Market Research
Fast Market Research recommends "Taiwan Metals Report Q1 2015" from Business Monitor International, now available
[USPRwire, Wed Jan 07 2015] Taiwan's steel producers are facing into increasing headwinds in 2015 as global supply levels tick upwards as a result of a cooling Chinese economy. Chinese exporters are increasingly targeting the Taiwan market, forcing local producers to reduce prices. Meanwhile, Taiwan's own steel export sector finds itself battling against the increasingly protectionist stances of governments in Europe and North America.
While production levels have trended upwards over the past few years, having contracted in 2012, the rate of growth appears to be slowing as local producers come under increasing supply pressure as Chinese steelmakers ramp up exports in an effort to counteract slowing domestic demand. Chinese steel exports to Taiwan were estimated to have increased by more than 400% y-o-y in September 2014, according to analysis from Bloomberg. While Taiwan and other neighbouring countries are receiving the lion's share of China's excess stock, there are reports of exports 'flooding' a number of Asian markets, including Japan, India and extending as far afield as Latin America.
Growing supply has forced Taiwanese producers to reduce prices in an effort to compete with the lower costs of Chinese steel products. In November, Taiwan's largest steelmill, China Steel Corporation (CSC) reduced its domestic steel prices for January-February 2015 by TWD352 (USD11.37) a tonne or 1.71% on average. The move was mirrored by rival firm Feng Hsin Iron & Steel Company which slashed its rebar and scrap purchasing prices for the week starting November 24 2014. The list prices for rebar were decreased by TWD200 (USD6.47) a tonne to TWD16,400 (USD530.92) a tonne, from TWD16,600 (USD537.39) a tonne in the week starting November 17 2014. Scrap purchasing prices were reduced by TWD200 (USD6.47) a tonne, but remained in the range between TWD8,600 (USD278.41) to TWD9,500 (USD307.54) a tonne. Local sources also report that Yieh Hsin has reduced its list prices for carbon steel wire...
The Taiwan Metals Report has been researched at source, and features latest-available data for steel, aluminium and other major globally-traded commodities. Our analysis covers all primary indicators, including production, exports and price, with our forecasts underpinned by Business Monitor International (BMI)'s macroeconomists global economic outlook. The report analyses trends and prospects and critically evaluates latest industry news, trends and regulatory developments in Taiwan.
BMI's Taiwan Metals Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the metals industry in Taiwan.
Key Benefits
* Benchmark BMI's independent metals industry forecasts for Taiwan to test other views - a key input for successful budgeting and strategic business planning in the Taiwan metals market.
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