China Taiwan Feng Hsin Steel raised rebar offer price again by NT $ 400 / ton, 13mm rebar ex-factory price is NT $ 12,400 / ton, increase for two consecutive weeks mainly due to the international scrap prices rising.

Feng Hsin Steel also raised its scrap purchase prices by NT $ 300 / ton to NT $ 5300 / ton. Last week China Taiwan scrap import market continued to rise, price of mixture of 1,2-US HMS (80:20) import from USA is about $ 183 / ton (CFR), compared with previous increases by USD 4-5 / ton.

                                                     XINSTEEL NEWS