Taiwan's Feng Hsin cuts rebar, scrap prices

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to cut its rebar list prices and local scrap procurement prices for business negotiations over February 19-23 to reflect the decrease in global scrap prices, a company official confirmed on Tuesday.

With the latest adjustment, the mini-mill is offering its 13mm dia rebar at TWD 19,700/tonne ($625/t) EXW for business discussions till this Friday, lower by TWD 300/t from that before the Chinese New Year (CNY) holiday ended on February 14, according to the official. Its buying price for local