Brief surge in Taiwanese rebar market activity quickly dissolved as distributors regained composure. Early in the week, rumors of massive orders at central and southern steel mills triggered intense inquiries, briefly lifting buying sentiment. Mills utilized the chatter to encourage quick purchases, yet buyers ultimately held back.
Closer inspection revealed the rumored deals carried no special pricing incentives compared to standard market rates. Furthermore, large distributors remained inactive, ensuring stable domestic supplies.
Because buyers can easily secure material from major merchants without paying cash or letters of credit up front, actual rebar demand dropped. The market returned to a standstill, significantly lowering the likelihood of further transactions this week.