It is reported that Taiwan's Feng Hsin Iron & Steel has decided to remain its steel price unchanged in this week. The company's new scrap purchasing price will still stay at TWD 10,200 per tonne and the rebar offer price will be TWD 17,400 per tonne.
Last week, US container scrap offer price has kept staying firmly at USD 325 per tonne and Japan's scrap price stayed at USD 350 per tonne. Because of the stable raw material price and Taiwan domestic rebar market seems to go slowly, Feng Hsin decided to remain its price unchanged in this week.
For the future market price, it will depend on the future scrap price level.
