Author: Paul Ploumis
19 Jan 2015 Last updated at 02:27:19 GMT
BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to reduce its rebar prices for the week commencing January 19th, 2015. However, the prices of section steel and scrap purchasing prices will remain unchanged during the week.

According to company press release by Feng Hsin, the list prices for rebar will now be at NT$ 15,700 per ton, NT$200 lower when compared with the previous week. The price for section steel during the week will be in the range NT$ 18,100 per ton to NT$ 18,600 per ton, holding steady when compared with the previous week prices.

The scrap purchasing prices too have been left unchanged. The scrap prices for the week will be in the range between NT$ 8,200 to NT$ 9,100 per ton.

Feng Hsin Iron & Steel Co., Ltd is a Taiwanese company principally engaged in the manufacture, processing and distribution of iron and steel products.