Taiwan's Feng Hsin Steel hold rebar, scrap prices

Feng Hsin Steel, Taiwan's largest rebar producer, has decided to roll over its rebar list prices and procurement prices of local scrap for transactions over October 20-24 to monitor market changes given the stable global scrap prices, according to a company official.

For business discussions till this Friday, the Taiwanese mini-mill continues to offer its 13mm dia rebar at TWD 16,400/tonne ($536/t) EXW, after last week's cut of TWD 300/t, and its buying price of local HMS 1&2 80:20 scrap stays unchanged on week at TWD 7,800/t, the official confirmed. Prices of