Taiwan Feng Hsin's rebar, scrap prices up $11/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung, central Taiwan, has decided to raise its rebar list price and procurement price for locally-sourced scrap by TWD 300/tonne ($10.8/t) on week for transactions over January 24-28 in response to the further growth in global scrap prices, a company official confirmed on Tuesday.

The price hike is Feng Hsin's first since mid-December, Mysteel Global noted. With the latest adjustment, the mini-mill's list price for 13mm dia rebar rises to TWD 21,400/t EXW, and its procurement price for local HMS 1&2 80:20 scrap reaches TWD 12,000/t, according to the official. Scrap prices in the