Taiwan's Feng Hsin cuts rebar price by $6/t, holds scrap price

Taiwan's largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has cut its rebar list price by TWD 200/tonne ($6.4/t) for business discussions over May 25-29, while keeping its local scrap purchase price unchanged for the same period, a company official said.

Following the latest adjustment, Feng Hsin is offering 13mm-diameter rebar at TWD 18,900/t EXW through this Friday, while its buying price for local HMS 1&2 80:20 scrap remains at TWD 10,300/t, unchanged from a week earlier, the official confirmed. Global scrap prices delivered to Taiwan have generally remained firm, prompting