Taiwan’s Feng Hsin lifts domestic scrap bids, pressured by firm seaborne prices

摘要

Singapore—Taiwanese electric arc furnace-based steelmaker Feng Hsin Iron and Steel lifted its bids by T$500/mt ($18/mt) for local scrap for the third consecutive week, following continued firmness in seaborne indications, a source from the mill said. The company’s bids for domestic HMS I/II 80:20 delivered to its Taichung mill will be resulting at T$11,400/mt ($409/mt), effective March 3. “We had to. Everyone is preferring to source domestically now … instead of paying more for imported material,” the source said. “And after this adjustment, local and import prices are brought much closer.”