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

Feng Hsin Steel, Taiwan’s largest rebar producer, has decided to raise both its rebar list prices and local scrap buying price by TWD 300/tonne ($10.5/t) over November 23-27, and both have returned to their respective pre-pandemic levels, with the former at a new high since mid-September 2019 and the latter a 15-month high, a company official confirmed on Tuesday.
After having rolled over both the prices for two weeks,Feng Hsin, headquartered in Kaohsiung, southTaiwan,is offeringits 13mm dia rebaratTWD16,200/tEXWfor the business till this Friday, and itsprocurement price for locally-sourcedHMS 1&280:20 scraphas reached TWD 8,200/t, according to the official. Feng Hsin’s latest price increases are meant to partially transferring higher costs in scrap on its persistent strengthening, as “the global


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