This week, China Taiwan Feng Hsin Steel continued to decrease the rebar price, a decline of NT $ 300 / ton, mainly due to the lower price from other small steel mill. After adjustment, 13mm rebar ex-factory price of NT $ 10,700 / ton, scrap purchase prices also decreased by 300 NT $ / ton to 4000 NT $ / ton.

Last week, Feng Hsin Steel have already decreased the rebar offer price twice, the cumulative reduction of NT $ 600 / ton. One official said that it’s not common to reduce the price so frequent, but price competition pressure from other small mills great. Allegedly, one of the south steel mill quotes the rebar price of same level at 10,200-10,400 NT $ / ton.

                                                      XINSTEEL NEWS