Taiwan’s Yieh Hsing Enterprise Company Limited has announced to lower its stainless steel wire rod prices of May 2008.

The domestic price has declined by TWD 2,000 per tonne and the export price also dropped by USD 70 per tonne.

Consequently the domestic price of 304M is at TWD 145 to TWD 150 per kilogram and 302HQ price is TWD 167 to TWD 170 per kilogram. On the other hand, the export price is quoted at USD 4,900 to USD 4,930 per ton for 304M and that is around USD 5,530 to USD 5,550 per tonne for 302HQ.

However, the prices of carbon steel wire rod increased by TWD 1,000 per ton, since CSC’s carbon steel price is expected to rise further.