Taiwan's Feng Hsin hikes rebar list price by $6/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to raise its rebar list price by TWD 200/tonne ($6.2/t) for transactions over October 27-30 while holding its buying price for local scrap following a hike of TWD 300/t in the prior week, a company official confirmed on Tuesday.

The mini-mill held its weekly pricing meeting on Tuesday this week, a day later than usual due to the public holiday on Monday, October 26, Mysteel Global noted. With the latest adjustment, the Taiwanese mini-mill is offering its 13mm-diameter rebar at TWD 18,500/t EXW for business discussions through this Friday,