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Taiwanese wire rod transaction prices expected to rebound in April
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Recently, the wire rod transaction prices have remained stable in Taiwanese market.
Industry sources indicated that the wire rod transaction prices would keep flat in the short term, supported by steel mills’ unchanged price policy, in spite of sluggish demand.
It’s known that China Steel Corp. (CSC), the largest steelmaker in Taiwan remained its April list prices of electric furnace (EF) Al-killed wire rod unchanged at NT$25,000/ton. Accordingly, Taiwanese re-rolling mills including Feng Hsin and Quintain Steel also decided to keep their April prices flat.
However, it’s expected that the wire rod transaction prices would rebound after the end of April since CSC may raise the list prices of steel bar & wire and EF Al-killed wire rod.
News Date
4/6/2012 12:39:06 AM
reported by
Claude Tseng
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