BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to cut its rebar prices for the week commencing April 27th, 2015. Also, the base prices of section steel will remain flat during the week. The company has announced cut in scrap purchasing too.

 

According to company press release by Feng Hsin, the list prices for rebar will be reduced by NT$ 400 per ton from the previous week. Post announcement, the rebar prices will now be at NT$ 13,900 per ton The price for section steel during the week will be in the range of NT$ 18,000 per ton, holding steady when compared with the previous week prices.

 

The scrap purchasing prices will be reduced by NT$ 400 per ton from the previous week. The scrap buy prices for the week will range between NT$ 6,800 per ton and NT$ 7,400 per ton, Feng Hsin press release stated.

 

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