Taiwan's Feng Hsin rolls over rebar, scrap prices

Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung in central Taiwan, has decided to hold its rebar list prices and local scrap purchase prices steady for transactions over May 4-8 to monitor market changes, according to a company official.

For business discussions through until this Friday, Feng Hsin continues to offer its 13mm-diameter rebar at TWD 18,900/tonne ($600/t) EXW, unchanged since mid-April, while the company's buying price for local HMS 1&2 80:20 scrap stays unchanged on week at TWD 10,100/t, the official confirmed. This marks the third consecutive week