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CSC’s Al-killed wire rod transaction prices turn weak
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Recently, the transaction prices of China Steel Corp. (CSC)’s Al-killed wire rod have turned weak again as market participants forecasted that CSC would cut the September list prices of steel wires and bars.
Market participants have seen CSC’s September list prices of steel wire and bar would drop after CSC announced to cut its list prices of Al-killed wire rod by NT$1,000/ton.
Previously, the transaction prices of CSC’s Al-killed wire rod with large diameters have fallen to NT$26,300/ton and that with small diameters have dipped to NT$25,500~NT$25,700/ton in the Taiwanese market.
Moreover, it dropped further by NT$200~NT$300/ton currently.
At present, the transaction prices of CSC’s Al-killed wire rod with large and small diameters have decreased to NT$26,000/ton and NT$25,500/ton respectively.
For the prospect, industry sources indicated that the transaction prices of CSC’s Al-killed wire rod may drop further by NT$500/ton if CSC cut its September list prices for steel wires and bars by NT$1,000/ton.
News Date
7/16/2012 8:36:14 AM
reported by
Claude Tseng
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