Feng Hsin lifts rebar, scrap prices further

Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung in central Taiwan, has decided to raise its rebar list prices and local scrap purchase prices for transactions over April 13-17 to reflect the higher prices of global scrap delivered to Taiwan, according to a company official.

With the latest price adjustment, the Taiwanese mini-mill is offering its 13mm-diameter rebar at TWD 18,900/tonne ($597/t) EXW for business negotiations till this Friday, up by TWD 200/t on week and recording the highest since mid-August 2024. For this week too, the company's buying price for local HMS 1&2 80:20