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Taiwan’s Feng Hsin maintains scrap, rebar prices for this week

25 Oct 2021 16:33 reported by Joy Liu

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Feng Hsin Steel Co., Ltd., one of the major electric furnace mills in Taiwan, announced to maintain the purchasing price of scrap and the prices of rebar and section steel, of which only channel section was up by NT$500/ton for this week. The price announcement was in line with 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 US containerized scrap was hiked by 1.87% and 1.46% week on week, respectively, and Australia’s iron ore price had a week-on-week decrease of 3.2%.

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