SteelOrbis has been informed that domestic rebar prices of Taiwanese steel producer Feng Hsin Steel (FHS) are currently at NTD 16,100-16,300/mt ($525-532/mt) ex-works. However, the two reductions made by FHS in its scrap purchase prices in the current week signal a possible decrease in the producer’s rebar sales quotations in the coming week.
$1 = NTD 30.66