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

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to trim its rebar list price by TWD 200/tonne ($6.1/t) for transactions over November 9-13 while keeping its buying price for local scrap unchanged, according to a company official.

With the latest adjustment, the Taiwanese mini-mill is offering its 13mm-diameter rebar at TWD 18,300/t EXW for business discussions through this Friday, while its buying price for local HMS 1&2 80:20 scrap still hovers at a five-month high of TWD 10,100/t, the official confirmed. Rebar demand from local end-users in