This week, Taiwan-based company Feng Hsin announced its rebar price at NT$19,100/ton, scrap price at NT$10,500/ton and profile price at NT$26,300/ton. Prices remained stable this week.
In addition, the company in question also stated that it did not receive any offers for scrap shipment from the USA last week. Japan's H2 scrap fell to US$360/ton and US containerized scrap prices fell to US$350/ton.
Australian iron ore price increased by 5.6% on the week and reached US$ 121.8/tonne.
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