Taiwan's Feng Hsin rolls over rebar, scrap prices further

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to roll over its rebar list prices and local scrap procurement prices for transactions during December 15-19, the fourth week in succession that the mini-mill has held both prices steady.

For business discussions valid until this Friday, Feng Hsin continues to offer its 13mm-diameter rebar at TWD 16,400/tonne ($520/t) EXW, unchanged since the second half of November, and its buying price for local HMS 1&2 80:20 scrap also stays unchanged at TWD 8,200/t during the same period, a company