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Feng Hsin Steel Holds Prices Steady Amid Stable Raw Material Costs
Non-Energy Minerals · Steel · economic_daily · 2026-08-24
2015
Taiwan-based Feng Hsin Steel has kept its rebar and scrap prices unchanged this week, citing stable international raw material costs and a seasonal domestic market lull.
What Happened
Price Decision: Feng Hsin Steel announced on the 24th that it will maintain flat prices for scrap, rebar, and structural steel. The decision reflects stable international raw material trends and a cautious domestic market currently in its off-season.
Raw Materials: Company executive Chuang Wen-che noted that international steel raw material prices remain steady. U.S. containerized scrap prices are holding at $330 per metric ton, while Australian iron ore prices have seen only minor adjustments.
Market Signals: International billet prices have shown signs of stabilizing, with export prices from China's Jiangyin port seeing a slight increase. This movement is driven by rising rebar futures in China, although actual transaction volumes remain limited due to intense competition.
Regional Outlook: Data from China's National Bureau of Statistics shows that average rebar prices in August have stopped falling, stabilizing at 3,062 RMB per metric ton. This suggests that after a period of rapid correction, the market has found a floor for current pricing.
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