Taiwan's Feng Hsin rolls over rebar, scrap prices

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hold its rebar list prices and local scrap purchase prices for transactions over April 20-24 to monitor market changes, despite the persistent rise in prices of global scrap delivered to Taiwan, according to a company official.

For business discussions till this Friday, the Taiwanese mini-mill continues to offer its 13mm-diameter rebar at TWD 18,900/tonne ($600/t) EXW, the same level as one week before, while its buying price for local HMS 1&2 80:20 scrap also stays unchanged on week at a 20-month high of TWD 10,100/t,