Feng Hsin Steel raises local scrap, rebar prices again

Taiwan’s Feng Hsin Steel has raised both its domestic ferrous scrap purchase prices and its rebar selling price by NT$200 ($7) per tonne this week, amid costlier imports of the steelmaking raw material.

The mill is now paying NT$6,800-7,400 ($225-245) per tonne for mainstream grades of scrap – the equivalent of HMS, shredded and P&S...

Published

Juan Weik

June 13, 2017

06:49 GMT

Singapore