The carbon steel wire rod market in Taiwan is expected to rebound slowly after stock clearance. Most suppliers believe the market prices could be stable due to increasing sales volume from last week.
At present, China Steel Corporation (CSC) releases its blast furnace (BF) and electric furnace (EF) of Al-killed wire rod market prices are around US$690/ton and US$655~US$670/ton respectively.
On the other hand, it is reported that Taiwanese hot rolling mills release the market prices of Al-killed wire rod, rimmed wire rod are about US$690/ton and US$680/ton. The market prices of EF Al-killed wire rod and BF killed wire rod are around US$660/ton and US$670/ton.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67593&division=A4