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 hike its rebar list price by TWD 300/tonne ($9.5/t) for business discussions over March 2-6 and roll over its buying price for local scrap for transactions during the same period, a company official confirmed on Tuesday.

With the latest adjustment, the Taiwanese mini-mill is offering its 13mm-diameter rebar at TWD 17,200/t EXW for business negotiations till this Friday, while its buying price for local HMS 1&2 80:20 scrap stays unchanged on week at TWD 8,800/t, according to the official. The company had initially canceled this Monday's