It is reported that Feng Hsin Steel, one of the major rebar mills in Taiwan, announces to drop scrap price by TWD 300 per tonne while it remains the prices of rebar and section steel unchanged.

Although global scrap price dropped in these few days, the company decides to keep its rebar and section steel prices steady this week.

After adjustment, the latest prices of rebar are at TWD 20,800 per tonne; that of scrap is at TWD 13,300 to TWD 14,100 per tonne and that of section steel is at TWD 21,800 to TWD 22,000 per tonne.

(Sourced from www.yieh.com)