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Taiwan's Feng Hsin keeps prices of rebar, scrap and steel profiles stable

Taiwan's Feng Hsin maintained its rebar, scrap and steel profiles prices this week.

Taiwan's Feng Hsin keeps prices of rebar, scrap and steel profiles stable

Feng Hsin Steel, one of Taiwan's largest electric furnace manufacturers, announced that it has kept its purchase price for scrap this week at NT$10,700/ton, its rebar purchase price at NT$19,300/ton and its steel profiles purchase price at NT$26,300/ton.

Feng Hsin Steel stated that there were no offers for US scrap shipments last week.

Over the same period, Japan's H2 scrap price remained stable at US$380/tonne, and the US containerized scrap price remained stable at US$360/tonne. Australia's iron ore price fell 5.3 percent week on week.

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