Taiwan Feng Hsin hikes both rebar, scarp prices by $6/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hike its rebar list prices and buying prices for locally-sourced scrap by TWD 200/tonne ($6.4/t) respectively for business negotiations over July 3-7, a company official confirmed on Tuesday.

With the latest adjustments, the mini-mill is offering its 13mm dia rebar at TWD 19,500/t for transactions till this Friday, and its procurement price for local HMS 1&2 80:20 scrap reaches TWD 10,900/t, according to the official. Feng Hsin cancelled its weekly pricing meeting last week to monitor the market