Market Insights
Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hike its rebar list prices and buying prices of local scrap by TWD 300/tonne ($9.3/t) on week for transactions over October 14-18, according to a company official.
China's ferrochrome (FeCr) market has endured a challenging autumn, with prices consistently declining during the past month, Mysteel's assessments show. Nevertheless, despite this downturn, domestic FeCr prices may stabilize this month as market sentiment and fundamentals are expected to improve, s
Despite a few dips, Chinese export prices of commercial grade hot-rolled coils (HRCs) still hovered high in the past week compared to the price level by the end of September, Mysteel Global found.
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