Yieh Hsing, one of the major wire rod producers in Taiwan to keep its carbon steel wire rod prices unchanged for November. Also, the company has remained its wire rod prices unchanged for consecutive two months. Recently, the raw material price in global steel market is mixed, the price for spot iron ore is going down, but the scrap price is going up. Besides, since most of Taiwan's wire mills have kept their November prices unchanged, Yieh Hsing has also followed their steps to keep its new prices flat. Some market analysts said only if China's wire rod prices drop again; otherwise, Taiwan's carbon steel wire rod price should be able to stay at the same level in the market.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66929&division=A4
