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Feng Hsin Steel Holds Rebar Prices Steady for Third Consecutive Week
Non-Energy Minerals · Steel · economic_daily · 2026-10-12
2015
Feng Hsin Steel has maintained its rebar prices for the third straight week as the company balances rising international scrap costs against sluggish end-user demand.
What Happened
Rebar Pricing Strategy: Feng Hsin Steel announced that its rebar prices will remain unchanged for the third consecutive week. The company is adopting a cautious pricing strategy as it monitors the slow recovery of end-user demand.
Global Raw Material Trends: International scrap steel prices are showing mixed signals, with Japanese 2H scrap holding at $367 per ton and U.S. containerized scrap rising to $350. Meanwhile, Australian iron ore prices have experienced a slight decline, reflecting ongoing volatility in the raw materials market.
Asian Scrap Market Dynamics: Asian scrap prices are strengthening, driven by rising freight costs and inventory replenishment efforts by steel mills. Notably, Japanese H2 scrap export quotes to Vietnam have climbed above $380 per ton, marking the first increase in four months for Kanto scrap auctions.
Market Outlook: Despite cost support from rising scrap prices, weak demand continues to cap potential upside for steel products. The market is expected to remain in a consolidation phase in the near term as producers await clearer signals from the downstream sector.
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