Taiwan's Feng Hsin rolls over rebar, scrap price

Taiwan's largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has decided to roll over its rebar list price and buying price of local scrap for transactions over July 27-31, according to a company official.

For business discussions through this Friday, Feng Hsin continues to offer its 13mm-diameter rebar at TWD 17,800/tonne ($549/t) EXW, 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. Feng Hsin's decision is in line with market expectations, as