This week China Taiwan Feng Hsin steel maintained rebar offer stable, 13mm rebar ex-factory price is NT $ 11,700 / ton (USD 375 / ton).

As the international scrap market has stabilized, Feng Hsin Iron and Steel increased scrap purchase prices by NT $ 300 / ton to NT $ 4800 / ton, which is the first increase for two months. Feng Hsin Iron & Steel said: "We need to raise scrap purchase prices, or it may face a shortage of scrap supply risk."

                                               XINSTEEL NEWS