Rebar prices drop further in Taiwanese market

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Publish time: 2nd November, 2011      Source: ChinaCCM
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It's reported that the rebar prices have decreased to NT$19,300/ton in Taiwanese market this week.

It's known that Feng Hsin announced to cut the rebar price by NT$500/ton on this Monday. The steel mills in southern Taiwan followed Feng Hsin to decline the rebar prices further to NT$19,300/ton.

However, the demand has still remained weak despite of the price cut as the international scrap prices seem to drop further in the near future.