December 03, 2008

Feng Hsin raises rebar prices

Steel rebar price of Feng Hsin Iron and Steel revived this week. The current list price is at TWD 29,300 per tonne, increased by TWD 600 per tonne. Besides, scrap price increased by TWD 400 per tonne to TWD 17,600 to TWD 18,600 per tonne.

Last week, scrap price was at TWD 28,800 per tonne in south market of Taiwan. And the price of this week is expected to be up to TWD 29,000 per tonne. In the latest two weeks, scrap price has increased by TWD 800 per tonne while steel rebar price only went up by TWD 600 per tonne which showed the shortage of scrap. The global price increase of scrap derived steel rebar price up.

(Sourced from YIEH.com)