It’s reported that Feng Hsin, one of the major steel long product makers in Taiwan announced its price policy for this week.
The company decided to raise its rebar and scrap purchasing prices by NT$200/ton for this week.
Besides, the company remained its prices for section steel unchanged for this week.
After the announcement, the company’s latest prices for rebar are at NT$19,100/ton: those for scrap are at NT$11,700~NT$12,400/ton; and those for section steel are at NT$21,000~NT$21,200/ton.
