Taiwan's Feng Hsin Steel holds rebar, scrap prices again

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 again for transactions over August 25-29, an official with the company confirmed.

For the current week's business discussions, Feng Hsin is offering 13mm dia rebar at TWD 17,200/tonne ($564/t) EXW, while its procurement price for local HMS 1&2 80:20 scrap remains at TWD 8,300/t, the official said. This rollover came as prices for global scrap delivered to Taiwan have been holding steady.