Posted on 05 May 2009
After Yieh United Steel Corp. (Yusco) announced its new benchmark price which will remain the same in May, Taiwanese stainless steel wire rod makers decide to raise the price by NT$5,000-6,000/ton as to compensate for profit lost.
It is predicted that the future price would reach NT$69,000-70,000/ton on stainless steel wire rod.
Mills expressed their concerns on unreasonable and reverse market price as stainless steel flat bar price was NT$3,000-4,000/ton lower than sheet and coil prices.
