Due to weak rebar demand in Taiwan, major rebar producer Feng Hsin Iron & Steel decided to maintain stable rebar prices for the second week in a row at 19,200 TWD per tonne (634 USD per tonne). Meanwhile, Hai Kwang Enterprise Corp decided to cut price from 18,700 to 18,500 TWD per tonne. Rebar producer cut the product price, though scrap price is picking up because steel mill believe that buyers will accept with this price as similar to spot price last week.
