Taiwan's Feng Hsin raises rebar, scrap prices

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 for local scrap by TWD 300/tonne ($9.1/t) respectively on week for transactions over March 3-7, according to a company official.

With the latest adjustments, the Taiwanese mini-mill is offering its 13mm dia rebar at TWD 18,500/t EXW for business discussions till this Friday, and its procurement price for local HMS 1&2 80:20 scrap reaches TWD 9,500/t, the official confirmed. Feng Hsin's decision was made to reflect better rebar demand from