Taiwan's Feng Hsin raises rebar list price by $10/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to raise its rebar list price by TWD 300/tonne ($9.5/t) for transactions over February 2-6, while rolling over its buying price of local scrap to monitor market changes, according to a company official.

With the latest adjustment, the Taiwanese mini-mill is offering its 13mm-diameter rebar at TWD 16,900/t EXW for business discussions till this Friday, while its buying price for local HMS 1&2 80:20 scrap stays unchanged on week at TWD 8,600/t, the official confirmed. Prices of global scrap delivered to Taiwan remained