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Taiwan Feng Hsin down rebar price by NTD300/mt this week 

As many small-scale mills rebar offers are at low level, Taiwan Feng Hsin steel reduce its screw threaded steel bar price further by NTD300/mt to NTD10,700/mt this week.


Early in last week, Feng Hsin had declined its screw threaded steel bar quotation by NTD600/mt. It is rare to see the company to reduce its price so frequent, and some mall-scale mills are competitive currently, said an official. According to sources, a mill in Southern Taiwan offers rebar in the same level at NTD10,200-10,400/mt.


Besides, China Hebei Iron & Steel Group Xuanhua Steel completed its production of 300 tons BS 500B, ф25mm screw threaded steel bar recently which will be sold to Africa. Being tested, the products meet customer’s command on both chemical content and appearance.


During rolling process, the plant strictly control heating temperature, stabilize rolling speed, make sure that Longitudinal rib height and sizing accuracy of screw threaded steel bar can satisfy customer.


Ex-CIS billet, material of stainless steel sheet, offers to Turkey have been reduced to $275-280/mt CFR ,declining by $10/mt, for October shipment. Nevertheless, the prices stainless steel sheet material in China slipped further in last week, which have exerted more trouble for CIS local sellers in concluding sales.


Chinese billet offers to Turkey are currently at $260/mt CFR and Chinese billet suppliers are expected to reduce their prices further in the coming period. Thus, suppliers in the CIS region are willing to accept Turkish buyers‘ firm bids at $270/mt CFR and below.

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