Taiwan Feng Hsin cuts rebar list price by $20/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to trim its rebar list prices by TWD 600/tonne ($20/t) for transactions over June 5-9 to reflect the weakness in scrap prices and the poor demand of domestic customers, a company official confirmed on Monday.

With the latest adjustment, the mini-mill is offering its 13mm dia rebar at TWD 18,800/t for the business discussions till this Friday, the mill's first price cut in a month and marking the lowest rebar price since late March 2021. For this week, Feng Hsin's procurement price for local HMS