Taiwan's Feng Hsin cuts rebar, scrap prices

Feng Hsin Steel, Taiwan's largest rebar producer, has decided to cut its rebar list prices and buying prices for local scrap for transactions over March 24-28 to facilitate sales, a company official told Mysteel Global.

With the latest adjustment, the mini-mill is offering its 13mm dia rebar at TWD 18,300/tonne ($554/t) EXW, lower by TWD 200/t on week after staying at TWD 18,500/t for three weeks. At the same time, Feng Hsin's procurement price for local HMS 1&2 80:20 scrap reaches TWD 9,300/t. down