Taiwan's Feng Hsin Steel released the new price for this week today. The prices of rebar and scrap were both increased.

The new price of rebar will reach NT$16,200/mt, showing a rise of NT$400/mt compared with previous week. That of scrap is between NT$9,800 to 10,100/mt, increasing by NT$300/mt as well.

Southern mills are expected to follow the step soon. The rebar prices will be increased by NT100 to 200/mt.