Taiwan's rebar purchase activity has restarted in this week and it is said Taiwanese rebar mills have received more than 120,000 tons order quantity totally from market stockiest.
Currently, rebar mills' selling price is about NT$17,300~NT$17,400/ton and it is said there are few rebar mills have offered by NT$17,250/ton for order collection.
Most of Taiwan's rebar mills have already stopped their order collection for this week, but there still have some rebar mills still accepted for orders by conditional.
However, the market participant said once Taiwan's rebar mills to hike their new price in next week, they may face the pressure in new orders collection.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67665&division=A4
