Feng Hsin Steel Co., Ltd., a Taiwan-based company principally engaged in manufacturing, processing, and trading steel products, declared its product list prices for this week. The rebar, scrap, and section steel prices remain unchanged at NT$18,500/MT, NT$9,400/MT, and NT$25,700/MT, respectively.

Meanwhile, compared to last week, the prices of Japan’s H2 scrap kept flat at US$345/ton, and the US containerized scrap remained at US$328/ton. Australian iron ore prices went up from US$95.85/ton to US$100.2/ton. Feng Hsin indicated that there were no quotations for the US’ scrap shipment last week.