It’s reported that Feng Hsin, one of the major wire rod makers in Taiwan announced to remain its 207 wire rod prices unchanged for July.
After the announcement, its prices for 1008A are at NT$20,800/ton and actual dealing prices are at NT$19,800~NT$20,300/ton.
Besides, its prices for A36round bars with diameters of 51mm~72mm are at NT$20,400/ton.
According to understanding, the raw material prices are stable. The iron ore price is in the range of US$115~US$116/ton.
In addition, all other wire rod mills all unchanged the price.
Therefore, Feng Hsin decided to remain the prices flat as market's expectation.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65140&division=A4
