Taiwan Feng Hsin’s scrap price down $10/t, rebar stays

Feng Hsin Steel, Taiwan’s largest rebar producer headquartered in Taichung, Central Taiwan, has decided to trim its buying price for locally-sourced scrap by TWD 300/tonne ($10.7/t) over July 26-30 in response to weaker global scrap prices, though it will remain the rebar list price unchanged on week due to limited supply in summer, a company official confirmed.

For the business till this Friday, Feng Hsin’sbuying price for locally-sourced HMS 1&280:20scrap, thus, has been trimmed to TWD 11,600/t after having the price stay at TWD 11,900/t for three weeks, and its list priceof the 13mm diarebar has been set at TWD 23,200/t EXW since July 5, according