Taiwan's Feng Hsin raising rebar, scrap prices by $9/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 of local scrap by TWD 300/tonne ($9.3/t) on week for transactions over October 14-18, according to a company official.

With the latest adjustment, the mini-mill is offering its 13mm dia rebar at TWD 18,600/t EXW for business discussions till this Friday, and its procurement price for local HMS 1&2 80:20 scrap stands at TWD 9,400/t, the official confirmed. One major reason for Feng Hsin's price hike was the increase