Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to hold its rebar prices for the current week. The company has also decided to keep the scrap purchasing prices unchanged. Also, steel section base price will remain flat during the week.
According to the company press release, scrap purchasing prices will be unchanged when compared with the previous week. The scrap purchasing prices for the week will continue to range between NT$ 4,500 per ton and NT$ 5,000 per ton, Feng Hsin press release stated.
The list prices of rebar will also see no change in prices during the current week. The price for the week will be NT$ 11,300 per ton. The rebar list prices had averaged at the same price during the previous week. The price for section steel during the week will be in the range of NT$ 16,500 per ton, remaining unchanged from the previous week prices.