Taiwan's Feng Hsin cuts rebar, scrap prices

Taiwan's largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has decided to cut its rebar list price and buying price of local scrap by TWD 200/tonne ($6.4/t) respectively for transactions over June 1-5, according to a company official.

With the latest adjustment, Feng Hsin is offering its 13mm-diameter rebar further lower at TWD 18,700/t EXW for business discussions through this Friday, while its buying price for local HMS 1&2 80:20 scrap reaches TWD 10,100/t, the mill's first cut for the feedstock since the start of last November,