Taiwan's wire rod price remains unchanged this week
Due to weak demand in Taiwan market, wire rod buying activities were not as active as previous week.
Accordingly, Taiwan’s wire rod producers intended to keep their prices unchanged this week to reflect current slow market momentum.
Market players said that their orders have been improved, but the overall demands are not strong enough to support price hike.
The wire rod transaction price this week is expected to keep the same as the level of last week, but the order quantity is unlikely to rise significantly.