Taiwan's Feng Hsin hikes rebar, scrap prices

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to raise its rebar list prices and buying prices of local scrap for transactions over March 30-April 2 in response to the continuous growth in global scrap prices, a company official confirmed on Monday.

This week is a short working week in Taiwan due to the public holiday over April 3-6 for the Qingming Festival and Children's Day, Mysteel Global noted. With the latest price adjustment, the Taiwanese mini-mill is offering its 13mm-diameter rebar at TWD 18,500/tonne ($578/t) EXW for business negotiations till this