Taiwan Feng Hsin keeps rebar and scrap buy prices flat

By  Paul Ploumis 14 Sep 2015  Last updated at  06:52:05 GMT

BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to keep its rebar prices unchanged for the current week. Also, the company has decided to keep its steel section base price and scrap purchasing prices unchanged.

According to the company press release, scrap purchasing prices will remain flat from the prices announced towards end of previous week. The scrap purchasing prices for the week will range between NT$ 4,700 per ton and NT$ 5,200 per ton, unchanged from the previous week, Feng Hsin press release stated.

The list prices of rebar will also remain flat during the week. The prices will continue to remain at NT$ 12,000 per ton during this 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.