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Feng Hsin Steel Poised for Price Hikes Following Large Order Intake
Non-Energy Minerals · Steel · economic_daily · 2026-10-16
2015
After securing nearly 10,000 tons in new orders, Feng Hsin Steel is expected to raise prices next week amid rising import costs for scrap metal.
What Happened
Market Recovery: After three weeks of stagnant pricing, the domestic rebar market is showing signs of a turnaround as Feng Hsin Steel secured nearly 10,000 tons in new orders. This influx of demand from both distributors and end-users has provided a much-needed boost to the steel bar sector.
Rising Cost Pressures: The recent depreciation of the New Taiwan Dollar has significantly increased the cost of importing containerized scrap steel from the U.S. This has created a widening gap between import costs and local scrap procurement prices, necessitating an upward adjustment in purchase prices.
Price Hike Expectations: Driven by both increased order volumes and higher raw material costs, market participants anticipate that Feng Hsin will raise its rebar and scrap steel prices next week. This expected move is likely to benefit other steelmakers, including Wei Chih, Hai Kwang, and the Taiwan Steel Group.
Industry Impact: As a bellwether for the industry, Feng Hsin's pricing decisions are expected to set the tone for the broader steel market. Investors and industry players are closely monitoring the upcoming price announcements to see if the momentum will successfully lift market rebar prices and improve profit margins for steel manufacturers.