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Taiwan Feng Hsin Steel cuts rebar and scrap price again

Feng Hsin Steel has announced its rebar and scrap prices for transactions from November 14-18.

15.11.2022 - 11:45

Taiwan Feng Hsin Steel cuts rebar and scrap price again

Taiwan's largest rebar producer Feng Hsin Steel has decided to cut its rebar and scrap prices by another $6-9 for transactions from November 14-18 due to weak steel demand and the decline in global scrap prices.

The company announced 13mm diameter rebar at $618 through November 18. The domestic price of HMS 1&2 80:20 scrap stands at $322.

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