Author: Paul Ploumis26 May 2015 Last updated at 02:27:55 GMT

BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to leave its rebar prices unchanged for the week commencing May 25th, 2015. Also, the base prices of section steel will remain flat during the week. The company has decided to hold scrap purchasing too.

According to company press release by Feng Hsin, the list prices for rebar will continue to remain unchanged 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, unchanged when compared with the previous week prices.

The scrap purchasing prices will remain flat over the previous 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. It is one of the largest steel long products manufacturers in Taiwan.