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

Taiwan's largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has decided to hike its rebar list price by TWD 200/tonne ($6.2/t) for transactions over July 20-24, while keeping its buying price of local scrap unchanged over the same period, according to a company official.

With the latest adjustment, Feng Hsin is offering its 13mm-diameter rebar at TWD 17,800/t EXW for business discussions through this Friday, while the mini-mill's buying price for local HMS 1&2 80:20 scrap stays unchanged on week at TWD 9,200/t, the official confirmed. This marks Feng Hsin's first hike in its