Taiwan's Feng Hsin cuts weekly rebar price by $6.9/t

Feng Hsin Steel, Taiwan's biggest rebar producer decided to cut its rebar price by TWD 200/tonne ($6.9/t) on week together with lowering scrap procurement cost by the same degree, a company official confirmed on January 30.

Feng Hsin Steel, Taiwan’s biggest rebar producer decided to cut its rebar price by TWD 200/tonne ($6.9/t) on week together with lowering scrap procurement cost by the same degree, a company official confirmed on January 30.After the adjustment, Feng Hsin is selling its 13mm dia rebar at TWD 17,400/t