Feng Hsin, one of the major steel long product makers in Taiwan announced to cut its prices for certain round bars for this week.
It's leaned that the company cut its list prices for round bars with diameters less than 50mm to NT$20,000/ton from NT$20,300/ton.
Meanwhile, the company remained list prices for round bars with diameters larger than 50mm unchanged at NT$22,900/ton.
Earlier, Feng Hsin cut its prices for section steel products by NT$300/ton for this week.