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

Taiwan's largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has decided to trim its rebar list price by TWD 200/tonne ($6.3/t) on week for transactions over August 17-21, while rolling over its local scrap purchase price amid stable global scrap prices, according to a company official.

For business discussions through this Friday, the Taiwanese mini-mill is offering its 13mm-diameter rebar at TWD 17,600/t EXW, marking the first price cut in three weeks, while its buying price for local HMS 1&2 80:20 scrap continues to stay at TWD 9,200/t, unchanged since mid-July, the official confirmed. He added that