China Steel Corp. (CSC) announced to cut its prices for electric furnace (EF) Al-killed wire rods by NT$1,400/ton for June to NT$20,800/ton. Meanwhile, the transaction price is at NT$19,800/ton~NT$20,300/ton, touching the history low. Even though CSC cut its list prices for EF Al-killed wire rod substantially for June, the prices gap between Taiwan and China is still large, according to the Taiwanese screw industry. Thus, the Taiwanese screw industry expects CSC to lower the new price of EF Al-killed wire rod further for July to boost screw export performance.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64922&division=A4
