Feng Hsin Steel Co., Ltd., a Taiwan-based company principally engaged in manufacturing, processing, and trading steel products, declared its product prices for this week. The rebar, scrap, and section steel prices were kept flat at NT$19,700/ton, NT$10,900/ton, and NT$26,700/ton, respectively.

Meanwhile, the prices of Japan’s H2 scrap decreased to US$365/ton, and the US containerized scrap went down to US$363/ton. Australian iron ore prices increased from US$111.2/ton to US$116.9/ton.