Taiwan’s steel imports fall 9% in Jan-Jun 2012

Taiwan imported 6.84 million tonnes of steel with a value of $7.49 billion in the first half of 2012, according to figures recently released by the south-east Asian nation’s customs authority.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The volume of imports – which included scrap, ferro-alloys, and semi-finished and finished products – was down by 9% compared with the corresponding period last year, with the value down by 19% on the same comparison.

The first-half imports came from Japan, which provided 1.69 million tonnes, the USA (1.62 million tonnes), Russia (700,000 tonnes), China (624,000 tonnes), South Korea (414,000 tonnes), Brazil (270,000 tonnes), South Africa (229,000 tonnes) and Hong Kong (202,000 tonnes), Taiwan customs reported.

These volumes included 2.59 million tonnes of ferrous scrap, 1.98 million tonnes of semi-finished steel, 430,000 tonnes of stainless steel flat products, 364,000 tonnes of ferro-alloys, and 302,000 tonnes of hot rolled flat products.

Over the same period, Taiwan exported 5.2 million tonnes of steel with a value of $5.02 billion, an increase of 4% and a reduction of 8% respectively against the corresponding period last year.

The country’s main export markets were China, which took 775,000 tonnes, the USA (342,000 tonnes), Japan (446,000 tonnes), Thailand (337,000 tonnes), Malaysia (382,000 tonnes), South Korea (341,000 tonnes), Indonesia (376,000 tonnes) and Vietnam (364,000 tonnes), Taiwan customs said.

By product area, the main exported items were hot rolled flat products (1.57 million tonnes), coated flat products (1.13 million tonnes), cold rolled flat products (810,000 tonnes) and stainless flat products (440,000 tonnes), customs added.

Taiwan is the 12th-largest steel-producing nation. It produced 22.7 million tonnes of crude steel in 2011, up from 19.6 million tonnes in 2010, according to the World Steel Assn (worldsteel).

This 15% increase represents one of highest growth rates among steelmaking nations.

What to read next
The publication of Fastmarkets copper concentrates TC index, cif Asia Pacific was delayed on Friday March 26, due to a reporter error.
After a month-long consultation period, Fastmarkets has refined the delivery terms for its international nickel sulfate price assessments, with Japan and Korea now the only accepted locations.
After an extended consultation period, Fastmarkets has amended the specified brands in its cobalt standard grade and cobalt alloy grade price assessments.
A growing focus by consumers on Scope 3 carbon emissions is putting raw materials, such as bauxite and alumina, in the spotlight
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt sulfate, spodumene and graphite price assessments via an open consultation process between April 13 and May 18, 2023. This consultation was done as part of our published annual methodology review process.
Fastmarkets proposes to amend the specification of its Chinese metallurgical coke export price assessment.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed