Taiwan's largest producer of long products, Feng Xin Steel, has decided to keep prices for rebar and long products at the level approved at the beginning of September unchanged. The company also announced that it plans to keep its scrap purchase prices unchanged for several weeks.
According to a press release from Feng Xin, prices for the rebar range will remain at NT $ 17,900 /t. Steel bar prices will continue to remain in the range from NT $ 19,700 per tonne to NT $ 19,900 per tonne. For ferrous scrap, purchase prices were also kept at the same level from NT $ 10,700 per tonne to NT $ 11,600 per tonne. (USD /NT $ - 29.9775)
The company kept its price unchanged during the previous week as well. In addition, for the thirteenth week in a row, the company has kept prices for its products unchanged. The continued weakness in iron ore prices, sources said, prompted the company to keep bar prices unchanged. At the same time, the terms of delivery of valves have tightened after the suspension of service by some factories.
Feng Xin is a public company headquartered in Taichung, Taiwan. The company has a blast furnace and steel mill sector in Taiwan. Its products include billet, angle, channel, strip, rebar, shafts, flat structural frames.
Taiwan's Feng Xin keeps rebar prices and scrap steel unchanged
|
Azovpromstal® 9 September 2014 г. 11:43 |
