Feng Hsin, one of the major steel longs producers in Taiwan announced to raise its rebar prices by NT$200/ton for this week.
Also, the company has hiked its rebar prices for consecutive three weeks, making its rebar prices come to NT$18,100/ton.
Besides, Feng Hsin also increased its scrap purchasing prices by NT$200/ton to NT$11,100~NT$12,000/ton.
Meanwhile, the company remained its prices for section steel unchanged at NT$19,900~NT$20,100/ton.