Taiwan's Feng Hsin holds rebar, scrap prices for 4th week

Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung in central Taiwan, has decided to keep its rebar list prices and local scrap purchase prices stable for transactions over May 11-15, according to a company official. This marks the fourth consecutive week that the Taiwanese mini-mill has maintained the two prices, Mysteel Global notes.

For business discussions through until this Friday, Feng Hsin keeps its offer of 13mm-diameter rebar at TWD 18,900/tonne ($601/t) EXW, the same level as one month before, and it continues to pay TWD 10,100/t for local HMS 1&2 80:20 scrap, unchanged since mid-April, the official confirmed. Although prices of global