Taiwan's Feng Hsin hikes rebar list prices by $6/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to raise its rebar list prices by TWD 200/tonne ($6.2/t) for transactions over October 7-11, while its local scrap procurement prices will keep stable, according to a company official.

With the latest adjustment, the mini-mill is offering its 13mm dia rebar at TWD 18,300/tonne ($572/t) EXW for business negotiations till this Friday, while its buying price for local HMS 1&2 80:20 scrap stays unchanged at TWD 9,100/t, he confirmed. Feng Hsin is rolling over its procurement prices of local