Taiwan Feng Hsin's rebar, scrap prices keep stable

Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung, central Taiwan, has decided to hold its rebar list prices and procurement prices for locally-sourced scrap for the second week over May 30-June 2, a company official confirmed on Tuesday.

For business discussions till this Thursday, the mini-mill continues to offer its 13mm dia rebar at TWD 23,300/tonne ($804/t) EXW, and its buying price for local HMS 1&2 80:20 scrap also stays unchanged on week at TWD 13,000/t this week, according to the official. This week is a short working