Yieh Hsing, one of the major wire rod producers in Taiwan announced to raise the prices for wire rods by NT$500/ton for January.
After the adjustment, the firm’s list prices for Al-killed wire rods are at NT$23,300/ton; those for rimmed wire rods are at NT$22,500/ton and those for blast furnace killed wire rods are at NT$22,000/ton.
Industry sources expected that the Taiwanese wire rod market would stabilize, driven by steelmakers’ price hike for January and increased raw material prices.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62313&division=A4