By Paul Ploumis 21 Sep 2015 Last updated at 03:06:36 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 current week. The company has also decided to lower its scrap purchasing prices. On the other hand, steel section base price will remain flat during the week.
According to the company press release, scrap purchasing prices will be reduced by NT$ 200 per ton, when compared with the previous week. The scrap purchasing prices for the week will range between NT$ 4,500 per ton and NT$ 5,000 per ton, Feng Hsin press release stated.
The list prices of rebar will also see a cut of NT$ 400 per ton during the current week. The new price for the week will be NT$ 11,600 per ton. The rebar list prices had averaged at NT$ 12,000 per ton during the previous week. The price for section steel during the week will be in the range of NT$ 17,000 per ton, remaining unchanged from the previous week prices.
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.