Author: Paul Ploumis
11 May 2015 Last updated at 03:07:27 GMT
BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to lower the prices of rebar products for the week commencing May 11th, 2015. Also, the base prices of section steel will also be lowered during the week. The company has decided to cut scrap purchasing too.
According to company press release by Feng Hsin, the list prices for rebar will be reduced by NT$ 300 per ton from the previous week. Post announcement, the rebar prices will now be at NT$ 13,600 per ton. The price for section steel during the week will be in the range of NT$ 17,500 per ton, NT$ 500 per ton lesser when compared with the previous week prices.
The scrap purchasing prices will also be reduced by NT$ 300 per ton during the week. The scrap buy prices for the week will range between NT$ 6,100 per ton and NT$ 6,700 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.