International Scrap Steel Prices Stalled, Downstream Buyers Hesitant; Feng Hsing Rebars Hold Flat for Second Consecutive Week

Rebar manufacturer Feng Hsing (2015-TW) announced its pricing for this week on the 3rd, holding both scrap steel purchase prices and rebar prices flat for the second consecutive week, citing ongoing volatility in international scrap steel prices and sustained观望 from domestic downstream sectors.

Looking at international raw material prices over the past week: no quotation was reported for U.S. bulk scrap steel; Japanese 2H scrap steel remained unchanged at USD 350 per ton; U.S. container scrap steel also held steady at USD 330 per ton; Australian iron ore dropped slightly from USD 98.9 to USD 96.55 per ton.

Feng Hsing explained that although international scrap steel prices declined slightly earlier, buying interest remains strong, resulting in a stalemate. Whether prices have bottomed out remains uncertain. Under this climate, domestic downstream buyers continue to hold back, prompting the company to maintain flat pricing.

Current pricing at Feng Hsing stands at NT$9,200 per ton for scrap steel purchases, NT$17,800 per ton for rebar, and structural steel base prices also unchanged at NT$25,000 per ton.