Posted on 07 Jan 2008
Taiwan's wire rod market remains firm
Affected by the export tax raise for wire rod by China’s
government, the grade K reached to CFR US$740/ton.
The price is about NT$24,050/ton which is higher than Taiwan’s
domestic rebar and hot rolled price.
Stimulated by the news, Taiwan’s wire rod mills raised
prices to NT$24,500~25,000/ton. The price remained at high levels last week but
demand is not strong enough.
