The price of scrap, rebar, and section steel was NT$11,500/ton, NT$21,500/ton, and NT$26,500/tons, 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 dropped by US$482/ton and US$445/ton week on week, respectively. Australia’s iron ore price had a week-on-week decrease of 4.9%.
Taiwan’s Feng Hsin maintains scrap, rebar, section steel prices this week
Feng Hsin Steel Co., Ltd., one of the major electric furnace mills in Taiwan, announced to maintain the purchasing price of scrap and the price of rebar and section steel for this week.
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