Taiwan Feng Hsin's rebar, scrap prices rise again

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hike its rebar list prices and buying prices of local scrap again for transactions over March 23-27 to reflect the persistent rise in global scrap prices, according to a company official.

With the latest price adjustment, the Taiwanese mini-mill is offering its 13mm-diameter rebar at TWD 18,300/tonne ($571/t) EXW for business negotiations till this Friday, up for the fourth consecutive week by TWD 300/t from the prior week, while its buying price for local HMS 1&2 80:20 scrap reaches TWD