Taiwan’s Feng Hsin lifts domestic scrap bids for fourth week, albeit smaller magnitude

摘要

Singapore—Taiwanese electric arc furnace steelmaker Feng Hsin Iron and Steel continued with its fourth consecutive week of price hikes within the local ferrous scrap market, though by a smaller magnitude this round due to slower rebar offtakes, a source from the company said. After the latest hike, the company’s bids for domestic HMS I/II 80:20 delivered to its Taichung mill will be at T$11,600/mt ($414/mt), up T$200/mt from a week ago, and effective March 9.