Feng Hsin cuts scrap purchasing and rebar prices for the current week

By Anil Mathews (ScrapMonster Author)

February 16, 2016 01:14:01 AM

BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to cut its rebar prices for the current week. The company has also decided to slightly lower the scrap purchasing prices. Meantime, steel section base price will remain flat during the week.

According to the company press release, scrap purchasing prices will be lowered by NT$ 300 per ton during the week when compared with the previous week. The scrap purchasing prices for the week will range between NT$ 4,800 per ton and NT$ 5,300 per ton, Feng Hsin press release stated.

The list prices of rebar will see a cut of NT$ 100 per ton during the current week. The price for the week will be NT$ 11,200 per ton. The rebar list prices had averaged at NT$ 11,300 per ton during the previous week. The price for section steel during the week will be in the range of NT$ 16,500 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.