[SMM Steel Market Flash] TSMC Expansion Seen as Supportive for Taiwan Steel Demand

Published: May 25, 2026 17:21

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The production ramp-up at Taiwan Semiconductor Manufacturing Co. is expected to be positive for Taiwanese steelmakers. As semiconductor capacity continues to expand, related construction demand for plants, equipment support, and ancillary facilities is also expected to grow, providing support for steel consumption in Taiwan. The view suggests semiconductor expansion is increasingly seen as a structural positive for the island’s steel demand.

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