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Taiwanese wire rod transaction prices remains stable despite of weak demand

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Recently, the transaction prices of wire rod have remained stable in Taiwanese market despite of weak demand.

It’s known that the demand for wire rod from Taiwanese screw industry has become weak recently due to Europe and the US debt crisis.

However, the transaction prices of Al-killed wire rod have still kept stable at NT$27,000/ton in Taiwanese market in spite of poor demand.

Industry sources indicated that the transaction prices of wire rod would remain stable in the short term as the prices of imported raw material have been increasing due to depreciating NT dollar.
News Date 07 Oct 2011 10:48:39 reported by Nann Cheng

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