It is reported that Taiwan’s domestic carbon steel market is experiencing a sluggish situation, as prices maintain their high level and demand remains weak.
Flat prices are still edging higher, but buyers had replenished their stocks before the price rise and they are still watching the market.
It was remarkable that rebar prices have dropped but buyers are still adopting a wait and see attitude, which makes for an extremely listless condition.
Import HR prices now prevailing is at a high of USD 1,100 to USD 1,150 per tonne.
(Sourced from YIEH.com)
