Taiwan's Feng Hsin hikes rebar, scrap prices by $6/t

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 by TWD 200/tonne ($6.3/t) respectively for transactions over May 18-22, according to a company official.

This marks the company's first price hike for these two items in the past month, bringing an end to four consecutive weeks of keeping them stable, Mysteel Global notes. With the latest price adjustment, Feng Hsin is offering its 13mm-diameter rebar at TWD 19,100/t EXW for business discussions through until