Feng Hsin Steel Co., Ltd., a Taiwan-based company principally engaged in manufacturing, processing, and trading steel products, declared its product list prices for this week. The rebar and scrap remained unchanged at NT$19,100/ton and NT$10,300/ton. The section steel price decreased by NT$500/ton to NT$26,200/ton.

Meanwhile, the prices of Japan’s H2 scrap kept flat at US$357/ton, and the US containerized scrap went down to US$345/ton. Australian iron ore prices decreased from US$115/ton to US$106/ton. Feng Hsin indicated that there were no quotations for the US’ scrap shipment last week.