Taiwan's Feng Hsin rolls over rebar, scrap prices

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to roll over its rebar list prices and buying prices of local scrap for transactions over October 28-November 1 to monitor market changes, according to a company official.

For business discussions till this Friday, the mini-mill is still offering its 13mm dia rebar at TWD 18,800/tonne ($586/t) EXW and ending three straight weeks of increases, and its procurement price for local HMS 1&2 80:20 scrap stays unchanged on week at TWD 9,600/t, the official confirmed, the mini-mill