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Taiwan Feng Hsin lifts rebar, scrap prices by $7.1/t

Feng Hsin Steel, Taiwan’s largest rebar producer headquartered in Taichung, Central Taiwan, has decided to raise both its rebar list prices and its buying prices for locally-sourced scrap by another TWD 200/tonne ($7.1/t) for the business over March 8-12 to reflect the higher scrap prices in the global market, a company official confirmed.
With the latest adjustment,the mini-mill is offering its 13mm dia rebar atTWD 19,700/t EXW, the company’shighestpricesince late January.For this week too, its price forlocally-sourcedHMS 1&280:20scraphas been lifted to TWD 11,000/t for business till this Friday, according to the official. This is the fourth time for Feng Hsin to raise its rebar list prices and scrap buying prices


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