Taiwan Feng Hsin lifts rebar, scrap prices by $6/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hike its rebar list prices and buying prices for local scrap by TWD 200/tonne ($6.3/t) respectively on week for transactions over August 7-11, a company official confirmed on Monday.

With the latest adjustments, the mini-mill is offering its 13mm dia rebar at TWD 19,500/t for the business discussions till this Friday with the increase aimed at offsetting some of its higher production costs, according to the official. Indeed, the mill felt obliged to lift its procurement price for