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 again for transactions over December 29-January 2 to monitor market changes, according to a company official. This marks the fifth consecutive week that the mini-mill has maintained these prices since a price hike in mid-November, Mysteel Global notes.

For business discussions valid until this Friday, Feng Hsin's list price of 13mm-diameter rebar stays at TWD 16,400/tonne ($523/t) EXW, the same level as the previous week, and its buying price for local HMS 1&2 80:20 scrap also remains unchanged on week at TWD 8,200/t, the official confirmed. Prices of