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Feng Hsin Steel raised rebar price for 5 continuous weeks
Source:Xinsteel   Date:2016/4/5

Since scrap prices keep rising, this week China Taiwan Feng Hsin Iron & Steel continue to increase the rebar and srap prices by NT $ 300 / tonne ($ 9 / t) .Currently 13mm rebar ex-factory price is NT $ 12,500 / ton, scrap purchase price is NT $ 6100 / ton.

Feng Hsin Iron and Steel said that as China billet price rising, currently scrap demand is growing, in order to meet the required they have to raise scrap buying prices.


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