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Taiwan’s Feng Hsin rolls over rebar, scrap prices

Feng Hsin Steel, Taiwan’s largest rebar producer, has decided to roll over its rebar list prices and buying price for locally-sourced scrap over September 21-25 to monitor scrap price trends in the global market, a company official told Mysteel Global on Tuesday.
Forbusiness till this Friday,the mini-millheadquartered in KaohsiunginsouthTaiwanis still offeringits 13mm dia rebar atTWD 15,700/tonne ($541/t)EXW,the same level as the prior week, while itsprocurement price for locally-sourcedHMS 1&280:20 scrapstays unchanged on week atTWD7,900/t,according to the official. Global scrap prices retreated recently after growing steadily for two months, as “buyers in overseas markets have slowed their pace of buying after noting

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