Reported 8 months ago
Fong Hsing Steel Factory announced on June 17, 2024, that this week's plate prices for reinforcement bars, steel beams, and scrap steel remain unchanged, marking the ninth consecutive week without a price increase. International scrap steel prices have been stable, construction activities have been affected by rainy weather, and the recent housing control measures by the central bank are not expected to significantly impact steel prices. The decision to maintain prices unchanged this week is considered a reasonable move due to stable international raw material prices and good sales performance despite the previous week's unchanged prices. Weather conditions are currently the main factor affecting steel shipment volumes, while the impact of the central bank's measures on housing market demand is seen as limited.
Source: YAHOO