Author: Paul Ploumis08 Jun 2015 Last updated at 05:21:43 GMT
BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to leave its base prices of section steel unchanged for the week commencing June 8th, 2015. The company has decided to hold scrap purchasing too. Meantime, the company has not announced rebar prices for the week, owing to certain market uncertainties.
The list prices of rebar had remained unchanged during the previous week. The prices had averaged at NT$ 13,600 per ton during that time. 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.
According to the company press release, 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.
