Taiwan's Feng Hsin holds rebar, scrap prices again

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hold its rebar list prices and local scrap procurement prices for transactions during December 8-12, a company official confirmed.

This marks the third consecutive week that the company has held its rebar list prices and local scrap buying prices steady, Mysteel Global noted. For business discussions valid until this Friday, Feng Hsin is maintaining its 13mm-diameter rebar at TWD 16,400/tonne ($526/t) EXW, and its buying price for local HMS 1&2 80:20 scrap also stays