September 08, 2008

Wire rod price to boost in Taiwan

YIEH reported that one wire rod producer in Taiwan predicts that the selling price will boost to NTD 20,500 per tonnes.

China’s quoted prices hit USD 600 to USD 620 per tonnes currently, due to the tight supply of imports because of increasing prices in China.

The report further added that in the past one month, wire rod grade K already raised more than NTD 2,000 per tonnes. Current prices are between NTD 19,500 to NTD 20,000 per tonnes. A taiwan’s domestic mill said that the availability of wire rod grade K will have a serious shortage in the fourth quarter.