Taiwan's Feng Hsin rolls over rebar, scrap prices

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hold its rebar list price and buying price for local scrap for transactions over November 2-6 to monitor market developments, according to a company official.

For business discussions through this Friday, the Taiwanese mini-mill continues to offer its 13mm-diameter rebar at TWD 18,500/tonne ($565/t) EXW, being unchanged on week after the hike of TWD 200/t over the prior week. Meanwhile, its buying price for local HMS 1&2 80:20 scrap also stays flat on week