Taiwan Metals Report 2016
BMI View: Like others globally, Taiwan's metals sector faces mounting challenges over the next few yearsas weak as an increasingly competitive export market for steel forces local steelmakers to look inwards forgrowth opportunities. The bright spot for Taiwanese producers is that the domestic economy should besupportive of the long-term expansion plans of local producers such as China Steel Corporation, though weexpect output growth to be moderate through to 2019.
Heavily focused on steel, Taiwan boasts one of the best developed metals sectors in the Asia Pacific region.
The island is home to leading steel producer China Steel Corporation, which has been a major beneficiaryof China's rapid economic expansion over the past two decades. Improved political relations betweenTaiwan and mainland China and, in particular, the signing or a number of recent trade agreements have putlocal producers in prime position to take advantage of growth in Chinese demand.
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