It's reported that Taiwan's export prices of large-size wire rods with diameters larger than 14mm hit the lowest level since this year in October.
In fact, Taiwan's export prices of large-size wire rods had remained at around NT$25,000/ton since this year. However, it started to drop from October. The export prices in October averaged at NT$23,956/ton.
Industry sources indicated that China Steel Corp. (CSC)'s price cut for wire rods have depressed the Taiwanese wire rod exports prices. Furthermore, the wire rod export prices may slide further.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=61696&division=A4
