Taiwan's Feng Hsin holds rebar price, lifts scrap prices by $6/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to roll over its rebar list price again for business negotiations over January 5-9, a company official has confirmed, but has raised its buying price for local scrap by TWD 200/tonne ($6.4/t) for transactions this week its first scrap price hike since late November.

With the latest adjustment, the mini-mill continues to offer its 13mm-diameter rebar at TWD 16,400/t EXW, the same level as the previous week, while its buying price for local HMS 1&2 80:20 scrap now stands at TWD 8,400/t, the official confirmed. Due to last week's New Year holidays in many