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Taiwan's Feng Hsin cuts rebar list price by $14.5/t

ABSTRACT

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung, central Taiwan, has decided to cut its rebar list price by TWD 400/tonne ($14.5/t) for sales over January 10-14 to facilitate sales, while its buying price for locally sourced scrap remained stable on the support of limited supply, a company official confirmed on Tuesday.
With the latest adjustment, Feng Hsin will offer its 13mm dia rebar price at TWD 21,100/t EXW for the business deals till this Friday after staying at TWD 21,500/t over the prior four weeks, and its procurement price for local HMS 1&2 80:20 scrap has remained unchanged at TWD 11,700/t

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