It's reported that Feng Hsin, one of the major steel long product makers in Taiwan announced to remain its list prices of rebar, section steel and scrap unchanged for this week.
Also, Feng Hsin has kept its rebar list prices unchanged for consecutive four weeks.
After the announcement, the company's latest prices of rebar are at NT$19,200/ton; that of section steel is at NT$21,100~NT$21,300/ton and that of scrap is at NT$12,000~NT$12,800/ton.
Meanwhile, it's said that some steel mills in southern Taiwan suggested that all the rebar mills should cut production in order to stabilize the prices.