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FH — Call Transcript 2026
Mar 4, 2026
51946_rns_2026-03-04_205af738-1bb8-4d76-af12-8ae3a102f8ad.pdf
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豐興鋼鐵股份有限公司 2025 年第四季法人說明會 Feng Hsin Steel Co.,Ltd. Q4 2025 Earnings Conference
2026/3/5
P1
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會議大綱 Agenda
-
公司簡介Profile -
2025
年第四季財務績效Q4 2025 Financial Results. -
公司、產業及營運概況暨未來展望Steel Market Overview
Q&A
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免責聲明 Safe Harbor Notice
-
本簡報2025年第四季財務資訊經會計師查核。 -
The related consolidated statements of December 31 2025 were audited by CPA.
-
本簡報中對未來的展望，反應本公司截至目前為止對於未來的看 法。對於這些看法，未來若有任何變更或調整時，本公司並不負 責隨時提醒或更新。
Except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
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公司簡介 Profile
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公司簡介 Profile
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公司成立時間：1969.1
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Company Founded
：January, 1969 -
實收資本額：58.15億Capital：NTD5.815 Billion
-
員工人數：約990人Number of Employees：About 990
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公司所在地：台中市后里區Location：Houli, Taichung Taiwan
• 5. 主要設備： 85 噸 DC 電弧爐 X1 100 噸 AC 電弧爐 X1 直列式軋鋼設備 X3 Facilities: 85 MT DC Arc Furnace x 1 100 MT AC Arc Furnace x 1 Rolling Line x 3
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2025 年第四季財務績效 Q4 2025 Financial Results.
P6
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銷值表 Sale amounts
單位：百萬元 Unit: NTD Million
銷售淨額Net Sales |
2025Q4 | 2025Q3 | QoQ | % | 2024Q4 | YoY | % |
|---|---|---|---|---|---|---|---|
型鋼Merchant Bar |
1,352 | 1,413 | (61) | -4% | 1,725 | (373) | -22% |
條線Round Bar |
1,503 | 1,626 | (123) | -8% | 2,024 | (521) | -26% |
鋼筋Rebar |
3,705 | 3,576 | 129 | 4% | 4,920 | (1,215) | -25% |
其他others |
20 | 29 | (9) | -31% | 17 | 3 | 18% |
合計Total |
6,580 | 6,644 | (64) | -1% | 8,686 | (2,106) | -24% |
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銷值表 Sale amounts
單位：百萬元 Unit: NTD Million
銷售淨額Net Sales |
2025/1-12 | 2024/1-12 | YoY | % |
|---|---|---|---|---|
型鋼Merchant Bar |
5,919 | 6,717 | (798) | -12% |
條線Round Bar |
7,028 | 8,216 | (1,188) | -14% |
鋼筋Rebar |
15,991 | 19,353 | (3,362) | -17% |
其他others |
98 | 93 | 5 | 5% |
合計Total |
29,036 | 34,379 | (5,343) | -16% |
P8
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銷值表 Sale amounts
銷售組合Sales Mix |
2025Q4 | 2025Q3 | QoQ | 2024Q4 | YoY |
|---|---|---|---|---|---|
型鋼Merchant Bar |
21% | 21% | 0% | 20% | 1% |
條線Round Bar |
23% | 25% | -2% | 23% | 0% |
鋼筋Rebar |
56% | 54% | 2% | 57% | -1% |
其他others |
- | - | - | - | - |
合計Total |
100% | 100% | 100% | ||
內銷Domestic |
91% | 91% | 0% | 91% | 0% |
外銷Export |
9% | 9% | 0% | 9% | 0% |
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銷值表 Sale amounts
銷售組合Sales Mix |
2025/1-12 | 2024/1-12 | YoY |
|---|---|---|---|
型鋼Merchant Bar |
21% | 20% | 1% |
條線Round Bar |
24% | 24% | 0% |
鋼筋Rebar |
55% | 56% | -1% |
其他others |
- | - | - |
合計Total |
100% | 100% | |
內銷Domestic |
91% | 91% | 0% |
外銷Export |
9% | 9% | 0% |
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銷量表 Sale quantity
單位：噸 Unit: MT 銷售量 2025Q4 2025Q3 QoQ % 2024Q4 YoY % Sales t q y
型鋼 Merchant Bar
65,974 69,665 (3,691) -5% 77,543 (11,569) -15% Merchant Bar 條線 Round Bar 68,567 75,095 (6,528) -9% 86,102 (17,535) -20% 鋼筋 Rebar 215,859 201,405 14,454 7% 256,946 (41,087) -16% 其他 others 120 189 (69) -37% 201 (81) -40% 合計 Total 350,520 346,354 4,166 1% 420,792 (70,272) -17%
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銷量表 Sale quantity
單位：噸 Unit: MT
銷售量Sales qty |
2025/1-12 | 2024/1-12 | YoY | % |
|---|---|---|---|---|
型鋼Merchant Bar |
281,583 | 289,019 | (7,436) | -3% |
條線Round Bar |
313,894 | 335,442 | (21,548) | -6% |
鋼筋Rebar |
887,420 | 988,619 | (101,199) | -10% |
其他others |
905 | 1,137 | (232) | -20% |
合計Total |
1,483,802 | 1,614,217 | (130,415) | -8% |
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銷量表 Sale quantity
銷售量組合Sales Mix |
2025Q4 | 2025Q3 | QoQ | 2024Q4 | YoY |
|---|---|---|---|---|---|
型鋼Merchant Bar |
19% | 20% | -1% | 18% | 1% |
條線Round Bar |
19% | 22% | -3% | 21% | -2% |
鋼筋Rebar |
62% | 58% | 4% | 61% | 1% |
其他others |
- | - | - | - | - |
合計Total |
100% | 100% | 100% |
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銷量表 Sale quantity
銷售量組合Sales Mix |
2025/1-12 | 2024/1-12 | YoY |
|---|---|---|---|
型鋼Merchant Bar |
19% | 18% | 1% |
條線Round Bar |
21% | 21% | 0% |
鋼筋Rebar |
60% | 61% | -1% |
其他others |
- | - | - |
合計Total |
100% | 100% |
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近五年銷量 Sale quantity for recently five years
單位：噸 Unit: MT
| 2000000 | ||||||
|---|---|---|---|---|---|---|
| - 400,000 800,000 1,200,000 1,600,000 ,, 銷售量Sale quantity |
1,635,746 1,777,109 1,635,080 1,595,638 1,613,080 |
|||||
| 1,483,802 | ||||||
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
型鋼Merchant Bar |
339,597 | 352,965 | 309,761 | 301,845 | 289,019 | 281,583 |
條線Round Bar |
342,810 | 501,998 | 361,635 | 303,081 | 335,442 | 313,894 |
鋼筋Rebar |
953,339 | 922,146 | 963,684 | 990,712 | 988,619 | 887,420 |
合計Total |
1,635,746 | 1,777,109 | 1,635,080 | 1,595,638 | 1,613,080 | 1,483,802 |
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季度簡明合併損益表 Consolidated Income Statement
單位：仟元 Unit: NTD Thousand
期間Period |
2025Q4 | 2025Q3 | QoQ | % | 2024Q4 | YoY | % |
|---|---|---|---|---|---|---|---|
營業收入Net Sales |
6,579,006 | 6,644,232 | (65,226) | -1% | 8,686,057 | (2,107,051) | -24% |
營業毛利Gross Profit |
766,234 | 826,080 | (59,846) | -7% | 952,680 | (186,446) | -20% |
毛利率Gross Profit Margin |
11.6% | 12.4% | -0.8% | -6% | 11.0% | 0.7% | 6% |
營業利益Operation Income |
557,779 | 630,363 | (72,584) | -12% | 733,098 | (175,319) | -24% |
營業外收入及支出Non-operatingIncome& Expense |
103,770 | 64,214 | 39,556 | 62% | 48,560 | 55,210 | 114% |
---採權益法之關聯企業投資份額Shares ofprofit of associates |
32,488 | 25,765 | 6,723 | 26% | 37,862 | (5,374) | -14% |
稅前淨利Income Before Income Tax |
661,549 | 694,577 | (33,028) | -5% | 781,658 | (120,109) | -15% |
本期淨利Net Income |
546,787 | 566,373 | (19,586) | -3% | 643,418 | (96,631) | -15% |
透過OCI按公允價值衡量之權益工具投資未實現評價損益Unrealized gains (losses) from equity instruments investments measured at fair value through other comprehensive income |
(12,412) | (11,163) | (1,249) | 11% | (166,920) | 154,508 | -93% |
綜合淨利總額Total comprehensive income |
645,063 | 555,210 | 89,853 | 16% | 454,628 | 190,435 | 42% |
每股稅後盈餘(單位：元)Earnings per Share (NTD) after tax |
0.94 | 0.98 | (0.04) | -4% | 1.11 | (0.17) | -15% |
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近五年簡明合併損益表及股利發放
Consolidated Income Statement and Cash dividend
單位：仟元 Unit: NTD Thousand
期間Period |
2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
營業收入Net Sales |
38,360,406 | 38,604,929 | 34,882,023 | 34,379,324 | 29,035,659 |
營業毛利Gross Profit |
5,648,923 | 4,180,599 | 3,555,724 | 3,654,498 | 3,348,588 |
毛利率Gross Profit Margin |
15% | 11% | 10% | 11% | 12% |
營業利益Operation Income |
4,721,008 | 3,304,413 | 2,710,355 | 2,772,737 | 2,502,212 |
營業外收入及支出Non-operatingIncome& Expense |
307,514 | 476,205 | 191,566 | 226,129 | 243,715 |
-----採權益法之關聯企業投資份額Share ofprofit of associates |
127,850 | 233,394 | 104,904 | 144,219 | 106,766 |
稅前淨利Income Before Income Tax |
5,028,522 | 3,780,618 | 2,901,921 | 2,998,866 | 2,745,927 |
本期淨利Net Income |
4,034,565 | 3,073,395 | 2,375,491 | 2,475,019 | 2,253,128 |
每股稅後盈餘(單位：元)Earnings per Share (NTD) after tax |
6.94 | 5.28 | 4.08 | 4.26 | 3.88 |
現金股利(元/股)Cash dividend |
5 | 4 | 3.5 | 3.5 | 3.3 |
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簡明合併資產負債表 Consolidated Balance Sheets
單位：仟元 Unit: NTD Thousand
年度(Date) |
2025.12.31 | 2025.12.31 | 2025.9.30 | 2025.9.30 | 2024.12.31 | 2024.12.31 |
|---|---|---|---|---|---|---|
項目(Item) |
金額(Amount) |
% | 金額(Amount) |
% | 金額(Amount) |
% |
流動資產Current Assets |
11,548,041 | 44.69% | 10,599,996 | 42.78% | 12,347,990 | 46.27% |
非流動資產Non-current Assets |
4,645,031 | 17.98% | 4,532,553 | 18.29% | 4,659,406 | 17.46% |
不動產、廠房及設備Property,Plant and Equipment |
9,647,539 | 37.33% | 9,644,524 | 38.93% | 9,680,989 | 36.27% |
資產總額Total Assets |
25,840,611 | 100.00% | 24,777,073 | 100.00% | 26,688,385 | 100.00 % |
流動負債Current Liabilities |
2,536,259 | 9.81% | 2,086,419 | 8.42% | 3,673,004 | 13.76% |
非流動負債Non-current Liabilities |
691,533 | 2.68% | 722,898 | 2.92% | 754,203 | 2.83% |
負債總額Total Liabilities |
3,227,792 | 12.49% | 2,809,317 | 11.34% | 4,427,207 | 16.59% |
股東權益總額Total Equities |
22,612,819 | 87.51% | 21,967,756 | 88.66% | 22,261,178 | 83.41% |
每股淨值PE |
38.88 | 37.77 | 38.28 |
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公司、產業及營運概況暨未 來展望 Steel Market Overview.
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一、全世界鋼鐵業的現況/The current state of the world's steel industry 1. 2011~2025 全球主要國家粗鋼生產統計表 / 2011~2025 Statistical
table of crude steel production in major countries in the world
單位：百萬噸 / Unit: million ton |
||||
|---|---|---|---|---|
2011國家/年 |
2012 2013 2014 2015 |
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025-2024 % |
||
中國Mainland China 702 |
731 822 823 804 |
808 871 928 993 1,057 1,034 1,019 1,022 1,005 961 -4.40% |
||
日本Japan 108 |
107 111 111 105 |
105 105 104 99 83 96 89 87 84 81 -3.95% |
||
美國U.S.A 86 |
89 87 88 79 |
79 82 87 88 73 86 81 81 79 82 3.67% |
||
印度India 73 |
77 81 87 89 |
96 102 106 111 100 118 125 141 149 165 10.35% |
||
南韓S.Korea 69 |
69 66 72 70 |
69 71 72 71 67 70 66 67 64 62 -3.08% |
||
俄羅斯Russia 69 |
70 69 71 71 |
71 72 72 72 72 76 71 76 71 68 -4.07% |
||
德國Germany 44 |
43 43 43 43 |
42 43 42 40 36 40 37 35 37 34 -6.86% |
||
越南Viet Nam 5 |
5 6 6 6 |
8 12 16 18 17 23 20 19 22 25 12.10% |
||
其他Others 381 |
368 366 340 331 |
326 342 364 347 326 371 343 328 330 327 -0.98% |
||
合計Global 1,537 |
1,559 1,650 1,641 1,598 |
1,604 1,699 1,790 1,839 1,831 1,914 1,851 1,856 1,841 1,804 -2.01% |
||
世界鋼鐵協會於短期展望中指出，2026 年全球鋼鐵需求可望溫和成長。中國房市逐步築底、印度基建投資強勁 |
||||
，以及越南與東協等新興市場需求擴張，為主要支撐動能。歐盟與美國亦受惠於基礎建設與國防支出回升，加 |
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上各國持續加大AI |
相關資本支出、通膨預期降溫，以及IMF 上修2026–2027 年全球經濟成長率至3.3% 與 |
|||
3.2%，進一步強化成長前景。The World |
Steel Association forecasts moderate growth in global steel demand | |||
| in 2026, supported | by a stabilizing Chinese housing market, strong infrastructure investment in India, and | |||
| rising demand in emerging markets such | as Vietnam and ASEAN. A rebound in infrastructure and defense | |||
| spending in the EU | and the U.S., alongside increased AI-related investment, easing inflation expectations, and | |||
| the IMF’s upward revision of global growth forecasts, further supports this outlook | ||||
資料來源: World Steel Association |
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2. 2011~2025 全球主要國家粗鋼生產佔比 /
Proportion of crude steel production in major countries of the world from 2011 to 2025
國家/年 |
國家/年 |
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
中國 |
Mainland China |
46% | 47% | 50% | 50% | 50% | 50% | 51% | 52% | 54% | 58% | 54% | 55% | 55% | 55% | 53% |
日本 |
Japan | 7% | 7% | 7% | 7% | 7% | 7% | 6% | 6% | 5% | 5% | 5% | 5% | 5% | 5% | 4% |
美國 |
U.S.A | 6% | 6% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 4% | 4% | 4% | 4% | 4% | 5% |
印度 |
India | 5% | 5% | 5% | 5% | 6% | 6% | 6% | 6% | 6% | 5% | 6% | 7% | 8% | 8% | 9% |
南韓 |
S.Korea | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 3% | 3% |
俄羅斯 |
Russia | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% |
德國 |
Germany | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% |
越南 |
Viet Nam | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% |
其他 |
Others | 25% | 24% | 22% | 21% | 21% | 20% | 20% | 20% | 19% | 18% | 19% | 19% | 18% | 18% | 18% |
合計 |
Global | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
世界鋼鐵協會統計，2025年全球粗鋼產量約18.04億噸，年減2%。中國年減4.4%，占全球約53%，趺破10億噸。印度年增加10.35%，因內需建設與製造業拉動，成為全球成長主力。美國年增約3.67%，受基建與能源相關需求支撐，超越日本成為第3大粗鋼生產國。 |
According to the World Steel Association, global crude steel production in 2025 was about 1.804 billion metric tons, down 2% year on year.
China’s output fell 4.4%, accounting for around 53% of the total and dropping below 1 billion metric tons. India rose 10.35%, leading global growth, while the U.S. increased 3.67%, surpassing Japan to become the third-largest producer. 資料來源 : World Steel Association
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3.2019~2026M1 國際廢鋼、鐵礦石價格走勢 ( Import Scrap & Iron Ore Price Index)
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資料來源:My steel、豐興
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二、中國進出口狀況/ China's import and export status
- 1.2013~2025中國鋼材出口統計 自2020年後出口規模已連續5年增長。2025全年出口月均 量達992萬噸，年成長7.1%。2026年起中國政府透過出口許可證制度執行，為低價外銷設下門檻 ，短期預期可有效收斂外銷量，對亞洲鋼價形成止跌甚至反彈的支撐。 Since 2020, exports have grown for five consecutive years. In 2025, average monthly exports reached 9.92 million tons, up 7.1% year on year. From 2026, China will introduce an export licensing system to curb low-priced exports, which is expected to reduce export volumes in the short term and support Asian steel prices. 單位:萬噸
| short | term | and s | upport Asian steel prices. | upport Asian steel prices. | upport Asian steel prices. | upport Asian steel prices. | upport Asian steel prices. | 單位:萬噸 |
單位:萬噸 |
單位:萬噸 |
單位:萬噸 |
單位:萬噸 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1月Jan |
2月Feb |
3月Mar |
4月Apr |
5月May |
6月Jun |
7月Jul |
8月Aug |
9月Sep |
10月Oct |
11月Nov |
12月Dec |
月均量 Monthly AVG |
與去年比Compareto lastyear |
|
| 2013 | 492 | 424 | 528 | 555 | 541 | 529 | 515 | 614 | 492 | 507 | 500 | 537 | 520 | |
| 2014 | 677 | 480 | 676 | 754 | 807 | 707 | 806 | 776 | 852 | 855 | 972 | 1,017 | 782 937 908 |
150% 120% 97% |
| 2015 | 1,029 | 780 | 770 | 854 | 920 | 889 | 971 | 973 | 1,125 | 902 | 961 | 1,066 | ||
| 2016 | 974 | 811 | 998 | 908 | 942 | 1,094 | 1,030 | 901 | 880 | 770 | 812 | 780 | ||
| 2017 | 742 | 575 | 756 | 649 | 698 | 681 | 696 | 652 | 514 | 498 | 535 | 567 | 630 | 69% |
| 2018 | 465 | 485 | 565 | 647 | 688 | 694 | 589 | 588 | 595 | 550 | 530 | 556 | 579 | 92% |
| 2019 | 619 | 451 | 633 | 633 | 574 | 531 | 557 | 501 | 553 | 478 | 458 | 468 | 538 | 93% |
| 2020 | 404 | 378 | 648 | 631 | 440 | 370 | 418 | 368 | 383 | 404 | 440 | 485 | 447 | 83% |
| 2021 | 533 | 481 | 754 | 797 | 527 | 646 | 557 | 505 | 492 | 450 | 436 | 503 | 557 | 124% |
| 2022 | 433 | 391 | 495 | 498 | 776 | 756 | 677 | 615 | 498 | 518 | 559 | 540 | 563 | 101% |
| 2023 | 640 | 579 | 789 | 793 | 836 | 751 | 731 | 828 | 806 | 794 | 801 | 773 | 760 | 135% |
| 2024 | 822 | 769 | 989 | 922 | 963 | 875 | 783 | 950 | 1,015 | 1,118 | 928 | 973 | 926 | 122% |
| 2025 | 892 | 805 | 1,046 | 1,046 | 1,058 | 968 | 984 | 951 | 1,047 | 978 | 998 | 1,130 | 992 | 107% |
資料來源 : 西本新干線 / Data Source: Xiben New Line
P23
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2.2014~2025年中國鋼材出口走勢–在2020年見底後，逐年快速增加。2025年12月，中 國鋼材出口量創歷史最高水平1130萬噸。
After bottoming out in 2020, exports have increased rapidly year by year. In December 2025, China's steel exports reached a record high of 11.3 million tons.
萬
噸
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資料來源 : 西本新干線 / Data Source: Xiben New Line
P24
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3.2025 大陸鋼品出口統計 2025 China�s Steel Product Export Statistic
項 目 Item成 品 Product |
2025年月均量2025 Monthly Average |
2025年月均量2025 Monthly Average |
2024年月均量2024 Monthly Average |
2023年月均量2023 Monthly Average |
2024年月平均 |
|---|---|---|---|---|---|
數量(MT)Quantity(MT) |
年月均成長率Monthly AverageGrowth(%) |
數量(MT)Quantity(MT) |
數量(MT)Quantity(MT) |
較2023年月平均增減情形 |
|
成品Finished Product |
9,918,250 | 7.2% | 9,255,167 | 7,600,083 | 22% |
半成品Semi-FinishedProduct(carbon steelblanks) |
1,221,078 | 137.7% | 513,789 | 255,214 | 101% |
4.2025 大陸鋼品進口統計
2025 China�s Steel Product Im ort Statistic p
項 目 Item成 品 Product |
2025年月均量2025 Monthly Average |
2025年月均量2025 Monthly Average |
2024年月均量2024 MonthlyAverage |
2023年月均量2023 Monthly Average |
2024年月平均 |
|---|---|---|---|---|---|
數量(MT)Quantity(MT) |
年月均成長率Monthly AverageGrowth(%) |
數量(MT)Quantity(MT) |
數量(MT)Quantity(MT) |
較2023年月平均增減情形 |
|
成品Finished Product |
503,317 | -11.4% | 568,008 | 637,167 | -11% |
半成品Semi-FinishedProduct(carbon steelblanks) |
52,447 | -48.0% | 100,941 | 213,002 | -53% |
重熔廢鋼Remelting scrap |
2,329 | -30.9% | 3,373 | 6,627 | -49% |
資料來源 : Mysteel / Data Source: Mysteel
P25
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5. 2014~2025 中國重熔廢鋼進口走勢
2014~2025 China's Remelting scrap import trends
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中國重熔廢鋼進口量 ( 萬噸 )
300
萬 247
噸 250 222 223
206
200
150
120
100
40
50 30
6 1 8 4 3
-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
年度 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
進口量
247 222 206 223 120 6 1 40 30 8 4 3
( 萬噸 )
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資料來源 : ITC TRADE MAP / Data Source: ITC TRADE MAP
P26
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三、台灣進出口狀況/Taiwan�s import and export status
1.2025台灣條鋼類主要鋼品進口統計
2025 Taiwan Bar Product Import Statistic
項目Item |
2025年月平均2025 Monthly Ave. |
2025年月平均2025 Monthly Ave. |
2025年月平均2025 Monthly Ave. |
2024年月平均2024 Monthly Ave. |
2024年月平均2024 Monthly Ave. |
2023年月平均2023 Monthly Ave. |
2023年月平均2023 Monthly Ave. |
2024年月平均 |
|---|---|---|---|---|---|---|---|---|
產品Product |
數量(MT)Quantity(MT) |
年月均量成長率Monthly Ave.Growth(%) |
單價($/kg)Price($/kg) |
數量(MT)Quantity(MT) |
單價($/kg)Price($/kg) |
數量(MT)Quantity(MT) |
單價($/kg)Price($/kg) |
較2023年月平均增減情形 |
廢鋼Scrap |
137,454 | -39.5% | 9.53 | 227,338 | 11.42 | 259,372 | 11.96 | -12% |
小鋼胚Billet |
214,113 | 0.5% | 14.64 | 213,037 | 16.79 | 178,522 | 17.24 | 19% |
鋼筋Rebar |
394 | 45.4% | 18.90 | 271 | 23.01 | 187 | 26.52 | 45% |
型鋼Merchant Bar |
3,844 | 5.5% | 39.75 | 3,642 | 38.59 | 3,648 | 37.40 | 0% |
H型鋼H-Beam |
10,335 | 6.2% | 21.20 | 9,728 | 22.99 | 7,792 | 24.03 | 25% |
盤元(14mm↓)BIC(14mm ↓) |
39,390 | 1.0% | 19.01 | 39,014 | 22.11 | 29,353 | 21.41 | 33% |
盤元(14mm↑)BIC(14mm ↑) |
2,234 | -3.7% | 28.00 | 2,320 | 29.19 | 1,569 | 27.75 | 48% |
直棒Round Bar |
18,307 | -6.4% | 31.96 | 19,553 | 35.06 | 15,156 | 40.13 | 29% |
P27
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2.2025 台灣條鋼類主要鋼品出口統計 2025 Taiwan Bar Product Export Statistic
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2025 年 月平均 2024 年 月平均 2023 年月平均
項目 Item
2025 Monthly Ave. 2024 Monthly Ave. 2023 Monthly Ave. 2024年月平均
較2023年月平
年月均量成長率
產品 數量(MT) 單價 ($/kg) 數量(MT) 單價 ($/kg) 數量(MT) 單價 ($/kg)
Monthly Ave. 均增減情形
Product Quantity(MT) Price($/kg) Quantity(MT) Price($/kg) Quantity(MT) Price($/kg)
Growth(%)
廢鋼
3,202 -10.4% 18.96 3,572 17.81 3,219 20.04 11%
Scrap
小鋼胚
6 62.2% 61.63 4 67.87 5 47.88 -26%
Billet
鋼筋
4,563 64.1% 19.86 2,781 22.29 1,483 26.36 88%
Rebar
型鋼
13,045 -3.0% 21.45 13,455 23.05 13,859 23.89 -3%
Merchant Bar
H型鋼
3,260 -5.4% 22.88 3,446 24.83 3,473 26.02 -1%
H-Beam
盤元 (14mm ↓ )
8,754 4.5% 23.09 8,377 26.64 7,956 28.65 5%
BIC(14mm ↓ )
盤元 (14mm ↑ )
2,821 -0.2% 22.65 2,827 25.01 3,858 27.81 -27%
BIC(14mm ↑ )
直棒
9,761 -5.2% 61.29 10,296 59.93 10,074 62.86 2%
Round Bar
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P28
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四、鋼筋產業/ Rebar industry 1.2012~2025 國內鋼筋表面消費量 2012~2025 Domestic Rebar surface consumption
1 |
.2012~2025 國內鋼筋表面消費量2012~2025 Domestic Rebar surface consumption |
.2012~2025 國內鋼筋表面消費量2012~2025 Domestic Rebar surface consumption |
.2012~2025 國內鋼筋表面消費量2012~2025 Domestic Rebar surface consumption |
||
|---|---|---|---|---|---|
| 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 千噸 |
5,730 5,794 6,060 5,621 4,692 4,709 5,232 5,488 5,817 6,063 6,215 6,586 6,470 6,441 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 |
||||
2025與2023 |
2025與2024 |
||||
| 單位：千公噸 | |||||
年別 / Year |
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5,779 5,870 6,162 5,772 4,960 4,879 5,425 5,635 5,927 6,302 6,268 6,601 6,500 3 2 5 1 1 2 2 0 0 1 1 2 3 53 78 107 151 269 171 195 147 110 240 53 18 33 5,730 5,794 6,060 5,621 4,692 4,709 5,232 5,488 5,817 6,063 6,215 6,586 6,470 |
2025 6,491 5 55 6,441 |
同期比 |
同期比 |
|
生產/ Production ( A )進口/ Import ( B )出口/ Export ( C )表面消費量(D=A+B-C)Apparent Consumption |
-1.7% | -0.1% | |||
| 110.7% | 45.4% | ||||
| 207.7% | 64.1% | ||||
| -2.2% | -0.5% | ||||
表面消費成長%Growth of Apparent ~~Consumption%~~ |
BASE 101% 106% 98% 82% 82% 91% 96% 102% 106% 108% 115% 113% 112% |
備註: 1.資料來源:台灣鋼鐵工業同業公會網站(生產、出貨、庫存統計、產品別進出口統計資料查詢)
、 Data Source: TSIIA Website(Production Delivey, Inventroy,Product tpye Import/Export date search)
表面消費量以2012年為基期(Base)，各年度成長率係與基期相比。
Apperant Consumption is calculated by using 2012 figures as base.
P29
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2.2013~2025 營建統計-台灣地區歷年核發建築物建照執照統計 2013~2025 Construction Statistic – Taiwan Building Construction Permit Approval Statistic
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件數 Case 總樓地板面積 Total Floor Area
50,000 50,000
40,000 40,000
30,000 30,000
20,000 20,000
10,000 10,000
- -
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
單位：件；千平方公尺
2024 2023
年別 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
同期 同期
件數 Case 32,991 31,994 27,643 22,511 25,035 20,136 27,143 25,980 26,089 23,257 18,542 19,523 17,919 -8.2% -3%
總樓地板面積
39,760 38,635 32,596 26,235 29,884 33,984 36,928 41,521 43,425 45,828 37,443 39,943 32,975 -17.4% -12%
Total Floor Area
4.2% -3.0% -13.6% -18.6% 11.2% -19.6% 34.8% -4.3% 0.4% -10.9% -20.3% 5.3% -8.2%
與去年同期比(%)
20.9% -2.8% -15.6% -19.5% 13.9% 13.7% 8.7% 12.4% 4.6% 5.5% -18.3% 6.7% -17.4%
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資料來源:內政部國土管理署業務指標/ Data Source: National Land Management Agency, MOI , construction business metrics
P30
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3.2021~2025 營建統計-台灣地區近四年逐季核發建築物建照執照統計 2021~2025 Statistics of building construction licenses quarterly in the past three years in Taiwan
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件數 Case 總樓地板面積 Total Floor Area
14,000 14,000
12,000 12,000
10,000 10,000
8,000 8,000
6,000 6,000
4,000 4,000
2,000 2,000
- -
2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4
單位：件；千平方公尺
2024 2023
年別 Year 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4
同期 同期
件數 Case 5,626 6,334 5,616 5,681 4,197 4,758 4,802 4,785 4,377 4,843 5,003 5,300 4,476 4,728 4,616 4,099 -23% -14%
總樓地板面積
10,717 11,143 11,821 12,147 9,220 9,380 9,274 9,568 7,934 11,084 10,093 10,831 8,339 8,727 8,463 8,045 -26% -16%
Total Floor Area
-9.2% 12.6% -11.3% 1.2% -26.1% 13.4% 0.9% -0.4% -8.5% 10.6% 3.3% 5.9% -15.5% 5.6% -2.4% -11.2%
與上季比(%)
-12.3% 4.0% 6.1% 2.8% -24.1% 1.7% -1.1% 3.2% -17.1% 39.7% -8.9% 7.3% -23.0% 4.7% -3.0% -4.9%
-12.1% -7.4% -15.5% -8.3% -25.4% -24.9% -14.5% -15.8% 4.3% 1.8% 4.2% 10.8% 2.3% -2.4% -7.7% -22.7%
與去年同期比(%)
0.7% 21.9% 3.4% -0.5% -14.0% -15.8% -21.5% -21.2% -13.9% 18.2% 8.8% 13.2% 5.1% -21.3% -16.1% -25.7%
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資料來源:內政部國土管理署業務指標/ Data Source: National Land Management Agency, MOI , construction business metrics
P31
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4.豐興鋼筋銷售& 國內市佔率 Feng Hsin�s Rebar Sales & Domestic Market Share
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豐興市佔率 FH Market Share 豐興銷售量 FH Sales 噸
18% 300,000
266,812
240,928 247,762 246,490 246,416 255,751 241,890 255,107 256,996 256,584
16% 222,067 231,966 250,000
213,604
201,257
215,750
14% 200,000
12% 150,000
10% 100,000
8% 50,000
6% 0
2022Q AVG 2023Q AVG 2024Q AVG 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025/Q2 2025/Q3 2025/Q4
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2022Q 2023Q 2024Q 2025Q 與 2024
2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025/Q2 2025/Q3 2025/Q4
AVG AVG AVG AVG 比較
豐興銷售量
240,928 247,762 246,490 246,416 255,751 222,067 266,812 241,890 255,107 231,966 256,996 213,604 256,584 201,257 215,750 221,799 -10.02%
FH Sales
全國銷售量
1,718,597 1,818,474 1,765,207 1,753,849 1,852,658 1,752,457 1,914,930 1,784,917 1,798,253 1,692,078 1,785,580 1,769,866 1,884,779 1,645,160 1,729,851 1,757,414 -0.44%
Nation Sales
豐興市佔率
FH Market 14.0% 13.6% 14.0% 14.1% 13.8% 12.7% 13.9% 13.6% 14.2% 13.7% 14.4% 12.1% 13.6% 12.2% 12.5% 12.6%
Share
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115 年 M1 豐興鋼筋出貨量為 71,088 噸 / Feng Hsin Rebar sales quantity by 2026 M1 was 71,088 MT 。
P32
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五、廢鐵原料與產品行情走勢
Scrap iron raw materials and product market trends
1.豐興廢鐵與成品行情趨勢
Feng Hsin�s Scrapand Finished Product market trends
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31
29
27
25
23
21
19
17
15
13
11
9
7
5
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2025/01 2025/02 2025/03 2025/04 2025/05 2025/06 2025/07 2025/08 2025/09 2025/10 2025/11 2025/12 2026/01
國內廢鋼基價 /Domestic Scrap Base Price 11.2 10.8 10.5 10.9 10.6 10.3 10.3 9.4 8.9 9.4 8.8 8.4 8.4 9.0 9.1 8.3 8.4 7.8 7.6 8.1 7.6 7.6 8.0 8.0 8.4
條線基價 /SBQ Base Price 26.9 26.9 26.9 26.9 26.9 26.9 26.9 25.9 24.9 24.9 24.9 24.9 24.9 24.9 24.9 24.9 24.3 23.9 23.9 23.9 23.9 23.9 23.4 23.4 23.4
型鋼基價 /Merchant Base Price 26.3 26.7 26.7 26.7 26.7 26.2 26.2 25.7 25.2 25.2 24.8 24.8 24.3 24.7 24.7 24.7 24.1 23.7 23.3 23.8 23.8 23.0 23.0 23.0 23.5
鋼筋牌價 /Rebar Base Price 20.0 19.7 19.2 19.7 19.4 19.1 19.3 18.5 18.1 18.8 18.4 18.0 17.7 18.2 18.1 17.8 17.4 16.4 16.5 17.2 16.7 16.2 16.4 16.4 16.6
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資料來源:豐興鋼鐵/ Data Source:Feng Hsin
P33
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2.豐興廢鐵與成品價差行情趨勢
Feng Hsin�s Scrap and Finished Product Price Difference market trends
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19
17
15
13
11
9
7
5
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2025/01 2025/02 2025/03 2025/04 2025/05 2025/06 2025/07 2025/08 2025/09 2025/10 2025/11 2025/12 2026/01
國內廢鋼基價 /Domestic Scrap Base Price 11.2 10.8 10.5 10.9 10.6 10.3 10.3 9.4 8.9 9.4 8.8 8.4 8.4 9.0 9.1 8.3 8.4 7.8 7.6 8.1 7.6 7.6 8.0 8.0 8.4
條線與廢鋼價差 /SBQ VS. Scrap 15.7 16.1 16.4 16.0 16.3 16.6 16.6 16.5 16.0 15.5 16.1 16.5 16.5 15.9 15.8 16.6 15.9 16.1 16.3 15.8 16.3 16.3 15.4 15.4 15.0
型鋼與廢鋼價差 /Merchant VS. Scrap 15.1 15.9 16.2 15.8 16.1 15.9 15.9 16.3 16.3 15.8 16.0 16.4 15.9 15.7 15.6 16.4 15.9 15.9 15.7 15.2 15.7 15.4 15.0 15.0 14.6
鋼筋與廢鋼價差 /Rebar VS. Scrap 8.8 8.9 8.7 8.8 8.8 8.8 9.0 9.1 9.2 9.4 9.6 9.6 9.3 9.2 9.0 9.5 9.0 8.6 8.9 9.1 9.1 8.6 8.4 8.4 8.2
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資料來源:豐興鋼鐵/ Data Source:Feng Hsin
P34