Feng Hsin announces hike in rebar and scrap purchasing prices

By Anil Mathews (ScrapMonster Author)

November 02, 2015 01:32:13 AM

Feng Hsin Iron and Steel Co. has decided to hike its rebar and scrap purchasing prices for the week. However, section steel base prices will remain unchanged during the week.Feng Hsin announces hike in rebar and scrap purchasing prices

BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to increase its rebar prices for the current week. The company has also decided to hike scrap purchasing prices marginally. 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$ 200 per ton when compared with the previous week. The scrap purchasing prices for the week will range between NT$ 4,200 per ton and NT$ 4,700 per ton, Feng Hsin press release stated.

The list prices of rebar will also see a marginal rise of NT$ 200 per ton in prices during the current week. The price for the week will be NT$ 10,900 per ton. The rebar list prices had averaged at NT$ 10,700 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.