Taiwan's rebar demand started its growing as rebar transaction price has been cut to NT$16,800~17,000/ton in the domestic market,
It is said one of rebar mills has received more than 30,000 tons orders in this week, with dealing price at NT$17,000/ton.
Most rebar users have already run out of their inventory and the buying sentiment is coming back, said a market participant.
However, even though some mills have cut new price to NT$16,800~16,900/ton, they can still only receive some orders currently,