Rebar price in northern Taiwan has decreased by NT$300/ton to NT$18,800/ton yesterday.
Although earlier Feng Hsing Iron & Steel hiked its price by NT$300/ton to NT$19,000, the spot price in domestic market kept declining due to sluggish demand.
The price is predicted to drop to NT$18,500/ton, since most buyers held buying to wait further price drop.
News Date 9/2/2010 7:16:42 AM reported by Laura
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