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Taiwanese CSC may increase or keep wire rod prices for Q4

20 Aug 2019 15:32 reported by Claude Tseng

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China Steel Corporation (CSC), one of the steel manufacturers in Taiwan, would announce its new domestic and export market prices for its wire rod officially for the fourth quarter on August 23rd.

Taiwanese CSC would call a preliminary meeting to discuss the price and exchange the current market information with its downstream screw industry today. According to understanding, the iron ore import quantity came to 1,433 tons from January to July, and the average import price was around US$107/ton. The highest iron ore price even reached to US$120/ton.

It was really a big raw material cost for blast furnace mill. However, the performance of the Taiwan screw industry was weak. Taiwanese screw manufacturers might have more difficulty to sell if CSC hiked the price for the last quarter of this year.

Meanwhile, Vietnam Formosa Ha Tinh Steel Corporation (FHS) announced to decrease its wire rod price by US$15/ton for October. It was expected that Taiwanese CSC might keep or increase the wire rod prices for the fourth quarter of 2019.

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