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Taiwan Feng Hsin adds another $18/t to rebar, scrap prices

Taiwan’s largest rebar producer - Feng Hsin Steel - has decided to raise both its rebar list prices and procurement prices for locally-sourced scrap by another TWD 500/tonne ($18/t) over February 23-26, or the second time in the few working days after the Chinese New Year holiday over February 10-16, to reflect the recovery in the global scrap prices, a company official told Mysteel Global on Tuesday.
Feng Hsin, headquartered in Taichung, Central Taiwan,is offering its 13mm dia rebar ata four-week high ofTWD 19,100/t EXW for sales until this Friday,anditsbuyingprice forlocally-sourcedHMS 1&280:20scraphas been raised to TWD 10,300/t, according to the official. “The further increase (in the two prices) was mainly to reflect the strengthening in the global scrap prices and better rebar sales after the

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