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, scrap and section steel price remain unchanged at NT$19,300/MT, NT$10,300/MT and NT$26,200/MT, respectively.

Meanwhile, the prices of Japan’s H2 scrap kept flat at US$357/ton, and the US containerized scrap remained at US$347/ton. Australian iron ore prices went down from US$104.40/ton to US$102.15/ton. Feng Hsin indicated that there were no quotations for the US’ scrap shipment last week.