Posted on 17 Sep 2008
Rebar prices in
The rebar price has fallen for three months in a row and this week it finally stopped decreasing.
The price fell from NT$32,300/ton to NT$22,000/ton. The small billet price was also reduced from NT$31,000/ton to NT$17,000. The range of the price drop is about 50%.
Steel mills are expected to rally. They are worried about whether the rebar price will rebound in the future. Market-watchers point out the key is regaining upward movement of raw material and demand.
