Taiwan's Feng Hsin cuts rebar list prices by $10/t

Feng Hsin Steel, Taiwan's largest rebar producer, has decided to cut its rebar list prices by TWD 300/tonne ($10.3/t) for transactions over June 30-July 4, while the company would like to hold its buying prices of local scrap after the price cut of TWD 200/t on June 28, according to a company official.

With the latest adjustment, the mini-mills is offering its 13mm dia rebar at TWD 16,400/t EXW for business discussions till this Friday, and its buying price of local HMS 1&2 80:20 scrap stands at TWD 8,000/t, the official confirmed. Prices of global scrap delivered to Taiwan remained weak overall, which