Due to scrap prices stable, China Taiwan Feng Hsin Iron & Steel keeps rebar offer remain, 13mm rebar ex-factory price is NT $ 12,400 / tonne (USD 378 / ton).

Meanwhile, Feng Hsin Steel maintains the scrap purchase price at NT $ / ton. The company said Japan and the US scrap prices decline, but at the same time NT against dollar also weakened, so the purchase price of scrap not change very much.

China Taiwan steel market is expected to remain sluggish in September and October which make the rebar price still under downward pressure.

                                                  XINSTEEL NEWS