Taiwan’s rebar demand has been picking up this week, following by Feng Hsin’s announcement of price cut. Feng Hsin announced unexpectedly to decrease its rebar base price by NT$200/ton. Currently, the rebar market price is being prevailing at around NT$17,000~17,200/ton. It is said two of southern Taiwan's rebar mills have already received order by more than 10,000 tons this week. A market participant aid one of southern Taiwan's stockists plans to purchase 10,000 tons each from those two rebar mills, but mills refused.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=68167&division=A4
