It is reported that Dragon Steel, a subsidiary of Taiwan's China Steel Corp. (CSC) announced the new billet price for April.
Due to decreased rebar prices, Dragon Steel decided to cut its domestic billet prices by NT$400/ton for April.
After the adjustment, the new price is in the range of NT$17500/ton.
However, the price cut is quite small compare to rebar price dip.
Downstream buyers can't afford the current price level. The demand might remain weak in this month.