Taiwan Feng Hsin raises rebar and scrap purchasing prices

Published: Apr 26, 2016 19:28

Save

Feng Hsin Iron and Steel Co. has decided to hike its rebar and scrap purchasing prices for the week.

By Anil Mathews (ScrapMonster Author)

April 26, 2016 07:08:16 AM

BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to increase its scrap purchasing prices for the current week. Meantime, the company has also decided to hike its rebar 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 see a hike of NT$ 800 per ton when compared with the previous week. The scrap purchasing prices for the week will range between NT$ 8,000 per ton and NT$ 8,500 per ton, Feng Hsin press release stated. The prices had averaged at NT$ 7,200 - NT$ 7,700 per ton during the week before this.

The list prices of rebar will see a hike of NT$ 1,000 per ton during the current week. The price for the week will be at NT$ 14,800 per ton. The rebar list prices had averaged at NT$ 13,800 per ton during the previous week. The price for section steel during the week will be in the range of NT$ 18,000 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.

Feng Hsin Iron and Steel Co.rebar and scrap purchasing prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production

[SMM Aluminum Express News] Geopolitical tensions in West Asia have disrupted energy flows through the Strait of Hormuz, tightening LPG and natural gas supply to India. With gas diverted to households, according to the Aluminium Extrusion Manufacturers Association of India industrial supply has been cut by 50–80%, severely impacting energy-intensive aluminum extrusion. Around 25 plants have been shut down while ~200 operate at reduced rates, dragging monthly output from ~70,000 mt to ~45,000 mt. The supply-driven disruption is tightening downstream availability and supporting aluminum product premiums.

5 hours ago

6 hours ago

SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day

[SMM Flash News] SHFE data showed that as of March 23, the total registered volume of cast aluminum alloy warrants was 44,991 mt, down 2,741 mt from the previous trading day. By region, the total registered volume was Shanghai (3,177 mt, down 515 mt), Guangdong (17,467 mt, down 453 mt), Jiangsu (5,022 mt, down 453 mt), Zhejiang (14,155 mt, down 1,079 mt), Chongqing (3,843 mt, down 91 mt), and Sichuan (1,327 mt, down 150 mt). The English translation of the above text is:

6 hours ago

Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment

[SMM Daily Review of Aluminum Alloy] The secondary aluminum alloy ADC12 market continued to weaken today, with mainstream enterprises generally cutting offers by 200–400 yuan/mt. The weaker prices were mainly dragged down by larger declines in aluminum prices and futures, with the cost center moving lower in tandem. In addition, some enterprises had shown relatively strong bullish sentiment earlier and lagged in the pace of price adjustments, leading to a catch-up decline in the market today. In terms of market sentiment, secondary aluminum enterprises turned cautious and bearish on the short-term aluminum price trend, focusing mainly on active shipments. Demand side, support remained weak, downstream procurement was maintained only for rigid demand, wait-and-see sentiment was strong, and

6 hours ago