Taiwanese Feng Hsin has announced to keep its wire rods and steel bars price flat for next January yesterday.
After the announcement, Feng Hsin's new base price for ASTM A1008 Al-killed steel will stay at NT$20,400/ton but the actual selling price in the market will be about NT$19,400~NT$19,900/ton; its new base price for S45C (OD 13~100 mm) round bar is NT$21,100/ton and its new base price for SCM 440 alloy wire rod (by OD under 100 mm) will be NT$25,100/ton.
One market participant said even though the current demand in the Taiwanese domestic market is still weak, but the firmly scrap price has still pushed Feng Hsin to keep its new price unchanged for next January.