Feng Hsin Steel Co., Ltd. announced its pricing updates for the current week. Scrap and section steel prices remain unchanged at NT$10,500/ton and NT$26,700/ton, respectively. However, the price of rebar has seen a decrease of NT$200/ton, now standing at NT$19,200/ton.
Feng Hsin noted a lack of quotations for scrap shipments to the US last week. Additionally, there have been declines in the prices of Japan's H2 scrap to US$360/ton, US containerized scrap to US$350/ton, and Australian iron ore to US$101/ton.
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