Taiwan Feng Hsin's rebar, scrap prices keep stable

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 steady for transactions over December 22-26 to monitor the market changes, according to a company official.

For business discussions valid until this Friday, Feng Hsin continues to offer its 13mm-diameter rebar at TWD 16,400/tonne ($521/t) EXW, the same level as during the previous week. Its buying price for local HMS 1&2 80:20 scrap also stays unchanged on week at TWD 8,200/t, the official confirmed. Feng Hsin