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Taiwan Feng Hsin lifts rebar, scrap prices by $10.5/t

Feng Hsin Steel, Taiwan’s largest rebar producer headquartered in Kaohsiung in south Taiwan, has decided to raise its rebar list prices and buying price for locally-sourced scrap by TWD 300/tonne ($10.5/t) respectively for the period over October 26-30 to reflect the continuous growth in global scrap prices, a company official told Mysteel Global.
For business till this Friday,Feng Hsinis offering its13mm dia rebar atTWD 15,600/t EXW,higher by TWD 300/t from one week before, while itsprocurement price for locally-sourcedHMS 1&280:20 scrapincreases by the same margin to TWD 7,600/t,according to the official.Prior to this adjustment, the mini-mill had rolled over the two prices for three successive weeks, Mysteel Global noted. One major

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