Feng Hsin Steel Co., Ltd., a company based in Taiwan mainly involved in steel manufacturing, processing, and trading, announced its updated product prices for the current week.
The prices of rebar and scrap have risen by NT$300/ton (9,37 US Dollars) to NT$19,500/ton (608,78 US Dollars) and NT$200/ton (6,24 US Dollars) to NT$10,700/ton (334,05 US Dollar), respectively. However, the price for section steel remains unchanged at NT$26,700/ton (833,22 US Dollars).
Meanwhile, the prices of Japan's H2 scrap have increased to US$370/ton, while the prices of US containerized scrap have remained stable at US$355/ton. Additionally, Australian iron ore prices have decreased from US$108.8/ton to US$97.8/ton.
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