Feng Hsin Steel, Taiwan’s largest rebar producer, decided to change its rebar list prices and local scrap buying prices for the May 13-17 trading period. For trade negotiations until this Friday, the company continued to offer 13mm diameter rebar at USD598 EXW, the same as the previous week, while the buying price for local HMS 1&2 80:20 scrap remained unchanged at USD342.
According to a local market source, as of May 13, the price of US HMS 1&2 80:20 scrap decreased by USD 2 from the previous week to USD 353 CFR Taiwan, while the price of Japan-origin H2 scrap was reported at USD 365 CFR Taiwan, up USD 4 from two weeks ago. It was reported that there were no offers for H2 scrap originating from Japan in the first week of this month due to public holidays in Japan.
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