Feng Hsin, one of the major steel long produce makers in Taiwan announced to leave its rebar list prices unchanged at NT$19,200/ton for this year after increasing the prices for consecutive four weeks.
Also, the company remained its scrap purchasing prices unchanged at NT$11,800~NT$12,500/ton and it kept its list prices for section steel flat at NT$21,000~NT$21,200/ton respectively.
It’s analyzed that Feng Hsin decided to remain its rebar list prices unchanged for this week since the demand became slack after the firm increased prices in a week ago.