Feng Hsin, one of the steel long product makers in Taiwan announced to cut all prices for this week.
The company decided to cut the rebar price by NT$400/ton to NT$18,000/ton. In fact, it had decreased the rebar prices by NT$300/ton last week.
Also, the company cut its section steel prices by NT$400/ton to NT$20,100~NT$20,300/ton for this week.
At the same time, Feng Hsin dropped its scrap purchasing by NT$200/ton to NT$10,900~NT$11,600/ton for this week.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63763&division=A4
