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

Feng Hsin Steel Co., Ltd. one of the major electric furnace mills in Taiwan, announced to keep the purchasing price of scrap and the prices of rebar and section steel unchanged for this week, at NT$12,600/ton, NT$22,300/ton, and NT$27,100/ton, respectively.

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 remained flat week on week, and Australia’s iron ore price had a week-on-week decrease of 12.1%.