[SMM Steel] Weak Demand Forces Price Cuts, Taiwan’s Feng Hsin Lowers Rebar and Steel Scrap Prices

Published: Jul 7, 2026 14:20

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[Taiwan,China]Facing persistently weak market demand, Taiwan’s leading electric furnace steel mill, Feng Hsin Steel, officially announced on Monday (July 6) a reduction in its major finished steel and raw material purchase prices, in an attempt to stimulate market trading activity during a period of consolidation through price concessions. After the adjustment, the rebar price dropped to $606/mt, the steel scrap purchase price to $311/mt, and the structural steel price remained at $847/mt.

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