Feng Hsin, one of the major steel long product makers in Taiwan announced to cut its rebar prices by NT$300/ton for this week on March 10th.
In fact, the company previously determined to suspend offering prices for this week due to fewer working days in a week ago.
However, the rebar mills in southern Taiwan announced to cut rebar prices by NT$200/ton to NT$17,300/ton to gain order. It forced Feng Hsin to cut its rebar prices by NT$300/ton.
After the adjustment, Feng Hsin's rebar list prices are at NT$17,700/ton.