Taiwan's Feng Hsin Steel cuts rebar list price by $7/t

Feng Hsin Steel, Taiwan's largest rebar producer, has decided to cut its rebar list price by TWD 200/tonne ($6.5/t) for transactions over October 27-31, while it has chosen to keep its buying price for local scrap unchanged to monitor market changes in the near future, according to a company official.

With the latest adjustment, the Taiwanese mini-mill is offering its 13mm dia rebar at TWD 16,200/t EXW for business discussions till this Friday, while its buying price of local HMS 1&2 80:20 scrap stays flat on week at TWD 7,800/t, the official confirmed. Prices of global steel scrap delivered to