Taiwan Feng Hsin holds rebar, scrap prices again

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to keep its rebar list prices and buying prices for locally-sourced scrap stable for the fourth straight week over May 29-June 2 to monitor market changes in the coming term, a company official confirmed on Monday.

For business discussions till this Friday, Feng Hsin's list price for 13mm dia rebar stays unchanged on week at TWD 19,400/tonne ($633/t), while the mini-mill continues to pay TWD 10,900/t for local HMS 1&2 80:20 scrap this week, according to the official. Feng Hsin is in no hurry to adjust