Feng Hsin Steel has scheduled annual maintenance for its wire rod mill from August 11 to August 18, 2026. Please monitor your scheduling and inventory requirements accordingly. Thank you! For detailed production and delivery arrangements, please contact the Double Steel sales team. Double Steel #FengHsinSteel #WireRodMill #AnnualMaintenance #ShutdownNotice #DoubleSteel
Read Article→Feng Hsin Steel has announced its latest weekly price configuration. Influenced by fluctuations in international scrap prices, both domestic Steel Scrap and Rebar base prices have been reduced by NT$300/ton, while Section Steel remains Unchanged (Flat). The detailed price adjustments are as follows: ▋ Domestic Steel Scrap: Decreased by NT$300/ton ▋ Rebar Base Price: Decreased by NT$300/ton ▋ Section Steel: Unchanged (Flat) For detailed quotation information, please contact the Double Steel sales team. Double Steel #FengHsin #SteelScrap #Rebar #SectionSteel #SteelMarket #DoubleSteel
Read Article→Double Steel Weekly Report | 2026 Week 25 (June 16 – June 21) Release Date: June 21, 2026 Exchange Rate Base: USD/TWD 31.69 (Esun Bank Spot Selling Rate) Executive Summary Global steel raw materials weakened across the board. Scrap steel led the decline, dropping nearly 4%, while iron ore priced in RMB fell over 2%. The World Bank and Fitch successively downgraded global economic growth forecasts, combining off-season weakness with pessimistic expectations to suppress purchasing momentum. In the Chinese market, rebar and steel billets remained weak, with the rebar-to-billet spread narrowing to just 24 CNY/T, indicating razor-thin downstream profit margins and a lack of restocking motivation among steel mills. The domestic market in Taiwan faced a standstill due to the Dragon Boat Festival holiday, with scrap purchasing suspended and rebar trading halted, weakening short-term support. Japan initiated a preliminary anti-dumping determination on stainless steel from Taiwan and China, with temporary duties expected as early as July, adding uncertainty to special steel trade. Procurement Advice for the Week: Wait-and-See. 1\. Bulk Raw Materials & Exchange Rates The cost side showed diverging trends, creating a scissor-like gap of falling iron ore and rising coal: Iron Ore: 101.14 USD/T (Weekly down 0.45%, Monthly down 8.33%) Coking Coal: 243.00 USD/T (Weekly down 0.82%, Monthly up 2.10%) Scrap Steel (International): 385 USD/T (Weekly down 3.87%, Monthly down 4.98%, largest decline of the week) This opposing movement exerts structural pressure on steel mill margins. Hot Rolled Coil (HRC) stood at 1,195.11 USD/T (Weekly down 0.57%, Monthly up 4.65%), a monthly increase driven by aggressive price hikes from Japanese mills (July HRC raised by 12 USD/T) rather than demand recovery. Rebar fell to 3,084 CNY/T (Weekly down 1.53%, Monthly down 3.08%). Tangshan Billet Q235 reported at 3,000 CNY/T, down 0.66% daily. Regarding exchange rates and freight, USD/CNY reached 6.7838 (Weekly up 0.40%). The depreciation of the RMB enhances China's export competitiveness but simultaneously raises import costs for Taiwan. The Baltic Dry Index (BDI) closed at 2,722 points (Daily up 2.37%), supported primarily by a recovery in shipping through the Suez and Hormuz straits. 2\. Early Market Signals The rebar-to-billet spread dropped to 24 CNY/T, approaching historical lows. Re-rolling margins at steel mills are severely squeezed, increasing the risk of production cuts within 2 to 4 weeks. Tangshan billet averages hovered around the 3,000 CNY/T mark, providing limited upstream support. The export premium (HRC FOB minus domestic price) reached 740.5 USD/T, maintaining export incentives, though the weekly 0.40% rise in USD/CNY will partially offset this drive. 3\. Deep-Dive Commodity Analysis Steel Billet (Tangshan Q235) Tangshan Q235 billet is currently quoted at 3,020 CNY/T (approximately 446 USD/T), nearing recent lows. Asian CFR offers landed between 495 and 500 USD/T, but actual transactions ground to a halt. Some traders have begun short selling at CFR 490 to 493 USD/T, indicating pressure to liquidate existing inventories. The depreciation of the Taiwan Dollar remains a critical variable, passively raising import costs. Market target prices stalled at CFR 485 USD/T, leaving a 10 to 15 USD gap between buyers and sellers that remains difficult to bridge in the short term. Procurement Strategy: Avoid chasing higher prices now. Observe transaction signals for 1 to 2 weeks after the holiday. If actual CFR transactions dip below 490 USD/T and the TWD stabilizes, consider it a mid-to-short-term buying window for small-batch trial orders and staggered positioning. Special Steel & Round Bars The supply side displayed structural divergence. International scrap quotes fell nearly 5% monthly, easing raw material cost pressures for EAF mills, while HRC rose 4.65% monthly, driving divergent price trends across different steel grades. The preliminary Japanese anti-dumping determination marks the most significant event this week. The Ministry of Finance of Japan determined that nickel-bearing cold-rolled stainless steel sheets originating from China and Taiwan were sold at unfairly low prices (20% to 40% below domestic prices), with temporary duties expected as early as July. While this directly impacts cold-rolled stainless steel sheets, market sentiment has spread to the special steel round bar purchasing sector, introducing variables into future shipping strategies by Japanese suppliers to Taiwan. Indonesian officials explicitly denied loosening nickel ore quotas, cutting the total 2026 quota by over 30%, which maintains cost support for nickel-based materials. Nickel prices fell 7.8% this month due to a stronger US Dollar, but downside room remains limited. Procurement Strategy: Focus primarily on on-demand purchasing for the short term. For Japanese special steel round bars, confirm whether the July anti-dumping duties extend to round bar items before negotiating. For nickel-based materials, suspend chasing higher prices until Indonesian supply conditions clarify. Quality Carbon Structure Steel (45# Round Bar) The quality special steel market consolidated weakly this week. Prices for 45# round bar dropped slightly in the Changsha area, while major trading centers like Guangdong, Fujian, Shandong, and Tianjin remained stable amidst generally weak transaction volumes. The soft market in China favors Taiwanese importers seeking competitive procurement costs; however, downstream sectors like automotive components and machinery manufacturing show no clear signs of recovery, leaving quality special steel oversupplied in the short term. Procurement Strategy: Take advantage of the current pricing window to discreetly evaluate import volumes, ensuring a buffer is reserved for exchange rate risks. 4\. Key Regional Market Intelligence Japan's Preliminary Anti-Dumping Determination on Sino-Taiwanese Stainless Steel (Effective July 2026) The Ministry of Finance of Japan preliminary determined dumping behavior for nickel-bearing cold-rolled stainless steel sheets from China and Taiwan, with temporary duties taking effect as early as July. Taiwanese manufacturers exporting to Japan face new barriers, necessitating a re-evaluation of pricing and sales strategies for the Japanese market. Indonesian Nickel Ore Quota Cuts Confirmed, Tight Q3 Supply Expected Indonesian officials explicitly denied early quota expansions, reducing total 2026 quotas by over 30%. Additional corporate applications must wait until the July filing period, which involves long approval cycles. Cost support for stainless steel and nickel-alloy special steel persists; importers must maintain buffers for cost fluctuations. China's Domestic Demand Shrinks, Softening Steel Demand Outlook May retail sales contracted 0.6% year-on-year, marking the first decline in three years. Fixed-asset investment for the first five months fell 4.1% year-on-year, a 6-year low, while new residential housing starts plummeted 22.6%. These metrics align closely with this week's 2.2% drop in RMB-priced iron ore and 1.5% fall in rebar, pointing to a continuously weakening steel demand outlook. Chinese Steel Mill Production Rebounds, High Inventories Intensify Supply Pressure In early June, crude steel daily output rose 3.8% month-on-month, pushing finished steel inventories to 26.25 million tons by June 10 (up 4.1% month-on-month). As the summer off-season approaches, supply-demand mismatches will worsen. Importers should assess procurement pacing and hoarding risks for the second half of the year. 5\. Procurement Decision Summary Steel Billet / Round Bars: Wait-and-see; await post-holiday transaction signals, monitoring the 3,050 CNY/T support level for Tangshan billet. Scrap Steel: Wait-and-see; a floor has not been confirmed despite the 3.87% weekly drop. Special Steel (Japanese Origin): Wait-and-see; confirm whether the July anti-dumping duties apply to round bars first. Special Steel (Chinese Origin): Purchase on demand; avoid heavy stocking. Nickel-based Materials: Suspend chasing higher prices; a floor has not been confirmed following the 7.8% monthly decline. 6\. Critical Watchlist for Next Week 1. Whether Tangshan billet holds the 3,050 CNY/T mark. 2. Next month's price announcements from Feng Hsin Steel and China Steel Corporation (CSC). 3. The timeline for Japan's final anti-dumping determination (estimated July 2026). 4. Resumption of operations and scrap purchasing at domestic steel mills post-holiday. 5. Updates on China's social steel inventory data for late June. Published by the Market Research Department of Double Steel Co., Ltd. Data Sources: TradingEconomics, Mysteel, Esun Bank, SteelWorld, Steel Net, International Steel News. For reference only; does not constitute investment advice.
Read Article→Dear Valued Customers,
Read Article→Feng Hsin Steel has announced the latest monthly price configuration. The price for Steel Bars & Wire Rods (506R) remains stable and is issued as Unchanged. ▋ Steel Bars & Wire Rods (506th Cycle): Unchanged For detailed quotation information, please contact the Double Steel sales team. Double Steel #FengHsin #WireRods #SteelBars #SteelMarket #DoubleSteel
Read Article→Following China Steel Corporation's Q3 price increase of NT$1,000/ton for wire rods and Feng Hsin Steel's flat release for the June price list, Towfin Industries announced its latest price configuration today (17th). The detailed price adjustments are as follows: Large Diameter Bars ▋ CSC Material: Increased by NT$500/ton ▋ Non-CSC Material: Unchanged ▋ Alloy Steel: Handled via Negotiation Cold Finished Steel Bars ▋ Low Carbon Steel: Unchanged ▋ Medium Carbon Steel: Unchanged ▋ 1215 Series: Unchanged ▋ 1144 Products: Unchanged ▋ 12L14 Products: Unchanged For detailed quotation information, please contact the Double Steel sales team. Double Steel #ToufenIndustries #LargeDiameterBars #ColdFinishedBars #AlloySteel #SteelMarket #DoubleSteel
Read Article→The latest price adjustments from China Steel Corporation are as follows:
Read Article→Steel Industry Weekly Report (2026/06/09–06/15) Executive Summary This week, the global steel market exhibited a bifurcated pattern characterized by "weakness in the East and strength in the West." Sluggish domestic demand in China put downward pressure on rebar and steel billets, narrowing the rebar-billet spread to an extremely low level of 51.2 RMB/MT, which indicates that rolling margins continue to suffer compression. The marginal recovery in USD-denominated HRC quotes was primarily sustained by the North American market, rather than signaling a comprehensive turnaround in global demand. On the raw materials front, coking coal fell 2.0% weekly (244 USD/MT), while iron ore slipped 0.4% (101.62 USD/MT). The appreciation of the RMB against the USD offset part of the cost support, notably elevating the uncertainty within the procurement environment. Concurrently, both the World Bank and Fitch Ratings revised downward their global growth forecasts, as geopolitical risks in the Middle East continued to perturb the energy markets. I. Key Indicators at a Glance Iron Ore: 101.62 USD/MT, weekly decrease of 0.4% (2026-06-15) Coking Coal: 244.00 USD/T, weekly decrease of 2.0% (2026-06-15) Hot Rolled Coil (HRC): 1,202 USD/MT, weekly increase of 0.5% (2026-06-15) Tangshan Steel Billet Weekly Average: 3,040 RMB/MT (2026-06-15) Rebar–Billet Spread: 51.2 RMB/MT, margin compression alert (2026-06-15) Export Premium (FOB – Domestic Price): 735.6 USD/T (2026-06-15) Baltic Dry Index (BDI): 2,729 points (2026-06-12) USD/TWD Spot Selling Rate: 31.59 TWD (2026-06-15) USD/CNY Weekly Fluctuation: -0.3% (2026-06-15) II. Steel Billet Market Tangshan steel billet climbed 20 RMB/MT within a single day to reach 3,040 RMB/MT, prompting a modest uptick in rebar and hot-rolled coil futures. However, this rebound predominantly reflected short-term sentiment linkages in the futures market rather than fundamental drivers. Iron ore softened during the same period, with major spot transactions consolidating within the 100–101 USD range, failing to provide distinct cost support for steel billets. On the supply side, following the resumption of Pomina in Vietnam, its annual target is set at over 660,000 MT of billets. The gradual return of Southeast Asian supply is projected to exert medium-to-long-term structural pressure on regional pricing across Asia. III. Regional Market Dynamics Taiwan: The decline in HRC prices widened, escalating the pressure for subsequent downward price corrections in galvanized steel. The market has formally entered a period of third-quarter consolidation. Importers are advised to scale back short-term, high-priced stockpiling and focus primarily on securing long-term contracts tied to rigid demand. China: Rebar and hot-rolled coil exhibited signs of a counter-rally, yet the persistent compression of the rebar-billet spread and squeezed steel mill profitability render the sustainability of this upward trend uncertain. Confronted with Vietnam’s aggressive price-cutting strategies to capture market share and Baosteel’s flat pricing approach, China Steel Corporation (CSC) faces intensifying negotiation pressures. Flat or lower pricing structures constitute the consensus expectation for the week. International: With EU steel tariffs escalating to 50%, Asian exporters are confronting severe headwinds. The outcome of the South Korea-EU negotiations remains the pivotal variable for subsequent market trends. The marginal growth in Japanese automotive production (+3.1%) offered only constrained support for HRC demand. IV. China Steel Bar Market The Chinese special steel market sustained its weak momentum this week. Prices in major production hubs, including Shenyang and Changsha, experienced minor declines or remained flat, while trading activity in coastal markets such as Guangdong, Fujian, and Tianjin remained sluggish. Downstream demand from the machinery, mold-making, and automotive sectors recovered slowly, decelerating inventory destocking and leaving steel mills with insufficient leverage to push for price hikes. V. Costs and Forex Although coking coal posted a monthly gain of 3.0%, its weekly decline of 2.0% suggests that the cost floor remains fluid. The BDI held firm at a high level of 2,729 points, with rising ocean freight rates partially absorbing the declines in iron ore. The appreciation of the RMB eroded the export competitiveness of Chinese steel, yielding a neutral-to-negative currency effect overall. VI. Regional Market Intelligence \[International\] World Bank Lowers 2026 Global Economic Growth Forecasts The World Bank and Fitch Ratings have both revised downward their global economic growth forecasts. Oil shocks triggered by the US-Iran conflict emerge as a primary risk, while the Middle East crisis is reshaping global energy investment priorities, potentially weighing down infrastructure demand. Impact Assessment: Weakening demand expectations combined with escalating geopolitical risks will continue to suppress the rebound momentum of international steel prices. Export orders for special steel round bars may face headwinds from investment delays in construction machinery and energy equipment. \[China\] Steel Prices Halt Decline and Counter-Rally! Rebar and HRC Surge, Building Materials Market Signals Warmth Chinese rebar and HRC prices halted their decline and initiated a counter-rally this week. Coking coal prepares for its eighth consecutive price hike, while iron ore and scrap steel hold steady to support the market floor, introducing initial signs of recovery in the building materials sector. Impact Assessment: HRC rose 0.5% weekly and rebar ticked up 0.2%, pushing the special steel index to a recent high of 3,999, with a steady supply side supporting downstream demand. Importers may leverage this stabilization phase in Chinese pricing to recalibrate inventory strategies. \[Taiwan\] HRC Declines Widen, Galvanized Under Rising Pressure to Correct Downward; Steel Market Enters Q3 Consolidation The price drop for HRC in Taiwan widened, leaving galvanized steel under intensified pressure for subsequent downward price corrections as the market formally enters its third-quarter consolidation phase. Although Tung Ho's H-beams secured an 11th consecutive price hike, the broader market exhibits a stark bifurcation. Impact Assessment: The overlap of sluggish domestic demand in Taiwan and the broader "weak East, strong West" paradigm in Asia requires attention. Special steel importers should monitor the export premium, which remains elevated at 736 USD/MT, alerting to risks of eroded competitiveness in the second half of the year. \[International\] Regional Bifurcation in Global Steel Market Intensifies; Demand-Supply Mismatch Becomes New Normal The global long products market exhibits fragmentation. Interlocking trade barriers and geopolitical risks have rendered regional supply-demand mismatches the new normal. The decline of Asian HRC widened, while the US market hit successive highs, sustaining a highly polarized landscape. Impact Assessment: Supply chain restructuring pressures are intensifying due to factors like the EU steel tariff escalation to 50% and adjustments to Indonesia's quota mechanisms. Taiwanese importers are advised to evaluate diversified procurement sources to mitigate dependence on a single market. \[International\] Global Scrap Steel Market Enters High Volatility Period International scrap steel prices slipped 0.2% weekly. The Bureau of International Recycling (BIR) noted that geopolitics and ocean freight rates remain pivotal volatility drivers. The BDI held at 2,729 points, reflecting sustained freight cost support. * Impact Assessment: Stable scrap costs benefit cost control for EAF steel and special steel mills. However, with the BDI remaining elevated amidst geopolitical risks, importers must closely monitor supply chain disruption hazards for potential impacts on lead times and overall costs. Data compiled as of June 15, 2026. Data Sources: TradingEconomics, Mysteel, SteelWorld, Steelnet. Double Steel Co., Ltd. Research Team
Read Article→The latest price information from Feng Hsin Steel is as follows:
Read Article→Data Source: Customs Administration, Ministry of Finance, Taiwan (R.O.C) — Import/Export Statistics
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