China Steel Corp. (CSC), the largest carbon steel producer in Taiwan announced to remain its list prices for electric furnace (EF) Al-killed wire rods unchanged for July on June 24th. It's known that CSC has already cut the prices by NT$1400/ton in June and it has got no room to lower price this month. Meanwhile, if CSC cuts its prices further for July, it will not help to Taiwanese screw makers to negotiate export prices. After the adjustment, the new price remained at NT$20,800/ton and actual dealing price is in the range of NT$19,800~NT$20,300/ton.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65029&division=A4
