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Transaction prices of Al-killed finished steel wire remain stable in Taiwanese market
Reportedly, the transaction prices of Al-killed finished steel wire have remained stable at NT$29,500~NT$29,800/ton in Taiwanese market in recent one month.

In fact, the transaction prices of Al-killed finished steel wire had ever surged to NT$32,000/ton during last April through last May, driven by strong demand from Taiwanese small screw makers. At that moment, China Steel Corp. (CSC)’s list prices of Al-killed finished steel wire were at NT$31,500/ton.

Nevertheless, since the Taiwanese small screw makers had bad performance in export market in the second half of 2011, the demand for Al-killed finished steel wire have declined accordingly. The transaction prices had dropped to NT$29,500/ton.

For the prospect, industry sources indicated that the transaction prices of Al-killed finished steel wire may face difficulty to rise further in Taiwanese steel market as the upstream steel mills do not hike the list prices further.


News Date 3/30/2012 11:59:59 AM reported by Claude Tseng
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