It is reported that Taiwan's wire rod prices continued to soar on higher scrap prices. The price of electric furnace killed steel wire rod of last week was about TWD 19,400 to TWD 19,500 per tonne but it had climbed to TWD 19,800 per tonne.

Meanwhile, rimmed steel and furnace killed steel wire rod prices only slightly went up to TWD 23,000 per tonne and TWD 21,000 per tonne respectively.

The main factors of increase of electric furnace killed wire rod price are soaring scrap and rebar prices not strong demand&.

(Sourced from YIEH.corp)