Taiwan's Feng Hsin holds rebar prices, lifts scrap prices by $9/t

Feng Hsin Steel, Taiwan's largest rebar producer, headquartered in Taichung in central Taiwan, has decided to roll over its rebar list prices for transactions over February 10-14, while its buying prices for local scrap have been raised in response to the further growth in global scrap prices, according to a company official.

For business negotiations till this Friday, the mini-mill continues to offer its 13mm dia rebar at TWD 18,000/tonne ($548/t) EXW, the same level as one week before, while its procurement price for local HMS 1&2 80:20 scrap reaches TWD 9,200/t with an on-week rise of TWD 300/t, the official