It is reported that most of Taiwanese rebar mills have already stopped to release offers to its domestic stockiest, after those Taiwanese rebar mills received about 80,000 to 90,000 tons of order quantity from their stockiest.
Since the global scrap price has kept going up, most of Taiwan domestic rebar buyers expected mills to rise its new prices by NT$200~NT$300/ton for next week.
However, even though Taiwanese rebar mills realized most of domestic stockiest may still be able to purchase more quantity for stock in next week, mills still worried about the raising rebar price may cause those stockiest hold their orders by longer time.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67027&division=A4
