SteelOrbis has been informed that Taiwanese steel producer FHS has reduced its
rebar prices for its domestic market by NTD 300/mt, significantly impacting the market. It is observed that the local Taiwanese
rebar market is very quiet, while no new
rebar deal has been heard in the market at the new price levels of NTD 14,000-14,100/mt ($451-454/mt) ex-works.
$1 = NTD 31.04