Taiwan Feng Hsin's rebar, scrap prices rise further

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to raise its rebar list prices and buying prices of local scrap by another TWD 200/tonne ($6.2/t) on week for business negotiations over October 21-25, according to a company official.

With the latest adjustment, the mini-mill's offering price for 13mm dia rebar reaches TWD 18,800/t EXW for business discussions till this Friday, up for the third consecutive week and taking the total increase since the end of September to TWD 700/t. The company's procurement price for local HMS 1&2