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

Taiwan's largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has decided to roll over its rebar list price for business negotiations over September 14-18, while hiking its buying price for local scrap by TWD 200/tonne ($6.3/t) for transactions during the same period, according to a company official.

With the latest adjustments, the Taiwanese mini-mill continues to offer its 13mm-diameter rebar at TWD 18,100/t EXW for business discussions through this Friday, the same level as one week before, while the company's buying price for local HMS 1&2 80:20 scrap rises to TWD 9,800/t, a new high since