It's reported that Feng Hsin, one of the major steel long product makers in Taiwan announced to hike the prices for rebar, section steel and scrap for this week.
The company decided to raise the list prices for rebar, section stele and scrap by NT$200/ton, NT$500/ton and NT$300/ton respectively for this week.
After the announcement, Feng Hsin's latest prices of rebar are at NT$17,700/ton; that of section steel is at NT$19,800~NT$20,000/ton and that of scrap is at NT$10,100~NT$10,800/ton.