Taiwan Billet Imports halves in June'17

As per recent data released by Taiwan customs it is observed that the nation has imported about 150,000 MT Billet in June 2017.

The imports have registered a downfall of 60% M-o-M in Jun’17 against 380,000 MT in May’17. During Jun'17, Japan has exported approximately more than 80% billet (130,000 MT).

While, on Y-o-Y in June 2017 imports registered a downfall of 21.05% against 0.19 MnT in June 2016.

Coming to total imports in H1 CY17 (Jan-Jun17), the nation has imported about 1.67 MnT Billet; up by 2.5% as compared to 1.63 MnT in the same preceding last year.

Prior to this, in CY16 (Jan-Dec) the country’s billet import was around 3.28 MnT & in CY15 at 2.90 MnT.

Country wise:

In CY17 (Jan-Jun) - Japan, Russia, United Arab Emirates was the major billet exporter to Taiwan which exported about 750,000 MT (44.93%), 480,000 MT (28.59%) & 210,000 MT (12.68%), respectively.

Japan continues to remain the largest billet supplier to Taiwan -

Japan remained in the top list of Billet export to Taiwan. In the duration of H1 CY17 (Jan-Jul’17), Japan has exported around 1.96 MnT billet which contribute about 39% of total billet imports in Taiwan.

Key updates

1.  The export offers of 150*150 IS 2830 grade billet are currently at USD 495/MT FoB India & 150*150 Q235 are at USD 525/MT FoB China.

2.  Taiwan’s prices for imports of containerized HMS-grade ferrous scrap have risen by USD 10/MT W-o-W, the price assessment for USA based HMS 1&2 (80:20) are at USD 295-300/MT CFR Taiwan.