The company decided to keep its scrap purchase price at NTD 9,400 (about USD 295) per ton this week. The company also kept the rebar price at NTD 18,500 (about USD 581) per ton and the steel section price at NTD 25,700 (about USD 807).
Industry experts emphasized that the stable rebar price was in line with expectations and that the slow transaction volume in southern Taiwan made it reasonable to keep rebar prices steady.
Feng Hsin also reported that there were no offers for scrap shipments from the US last week.
Japan’s H2 scrap price fell by 4.2% to USD 345 per ton during the same period. The price of US containerized scrap fell by 3.5% to USD 328 per ton. Meanwhile, Australia’s iron ore price increased by 4.5% on a weekly basis.
Feng Hsin’s decision to maintain its pricing policy reflects its strategy to ensure price stability in the face of weak market conditions. This stance by the company stands out as a step in line with market expectations, especially considering the volatility in global scrap markets.
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