Feng Hsin, one of the steel long product makers in Taiwan announced to cut its rebar list prices substantially by NT$400/ton to NT$18,700/ton for this week.
Also, the company reduced its scrap purchasing prices by NT$300/ton to NT$11,400~NT$12,100/ton for this week.
However, Feng Hsin remained its list prices of section steel unchanged at NT$21,000~NT$21,200/ton for this week