Feng Hsin Steel Co. Ltd. announced the price updates for the current week. Scrap and section steel prices remained unchanged at NT$ 10,500/ton and NT$ 26,700/ton, respectively. However, the rebar price decreased by NT$200/ton to NT$19,200/ton.
Feng Hsin stated that no offers were received for scrap shipments to the USA last week. Additionally, the price of Japan's H2 scrap decreased to $360/ton, the price of US containerized scrap decreased to $350/ton, and the price of Australian iron ore decreased to $101/ton
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