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Transaction prices of Al-killed finished steel wire remain stable in Taiwanese market

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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 30 Mar 2012 15:13:42 reported by Claude Tseng

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