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Taiwan’s Feng Hsin raises rebar & scrap prices, keeps section steel prices flat this week- The 21st China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
10/28/2019 管材展-钢管展-steel tube expo-tube &pipe expo |
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Feng Hsin Steel Co., Ltd., one of the major electric furnace mills in Taiwan, announced to raise its rebar prices and scrap purchasing prices this week, by NT$200/ton respectively.
According to the price adjustment, the price of rebar was up to NT$15,700/ton, and the purchasing prices of scrap was raised to NT$7,900-8,500/ton. The price of section steel was unchanged at NT$19,100-19,400/ton.
It was understood that the international scrap price was in an upward trend, and the prices of Taiwanese rebar and billet will rise accordingly.
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