Taiwan’s steel mills are reducing rebar production due to sluggish sales and a decline in new orders over the past two months. This reduction in output has led to a decrease in the demand for scrap, resulting in lower purchasing activity and bids for both imported and domestic raw materials.

Although suppliers have also reduced their offers, the amount of available scrap on the market remains limited. Despite some isolated transactions at lower prices, major suppliers are holding firm on their quotes.

The overall volume of imported scrap purchased has been minimal, reflecting the ongoing production slowdown across Taiwanese steel plants. The domestic scrap market is also experiencing a downturn, with limited quantities being bought even at reduced prices.