Taiwan’s Feng Hsin keeps scrap, rebar, section steel prices unchanged this week

Feng Hsin Steel Co. Ltd. in Taiwan, announced to keep the purchasing price of scrap and the prices of rebar and section steel unchanged this week. The announcement was within market expectations.

Feng Hsin said that there were no offers from the US scrap shipment last week. During the same period, the price of Japan’s H2 scrap and the US containerized scrap price dropped by 1.34% and 1.7% compared to the previous week, respectively. Australia’s iron ore price was up by 1.93% week on week.
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