Taiwan's Feng Hsin holds rebar list price, lifts scrap price 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 for transactions over January 26-30, while hiking its buying price of local steel scrap by TWD 200/tonne ($6.3/t) in response to the higher prices in global scrap delivered to Taiwan, according to a company official.

For business discussions till this Friday, the Taiwanese mini-mill continues to offer its 13mm-diameter rebar at TWD 16,600/t EXW, while its buying price for local HMS 1&2 80:20 scrap reaches TWD 8,600/t with the latest price adjustment, the official confirmed. After noting the further recovery in global scrap prices delivered