China Steel Corp. (CSC) is going to release its list prices for electric furnace (EF) Al-killed wire rod prices for next January.
Industry sources predicted that the firm would remain the prices unchanged at NT$21,200/ton since the current steel market keeps flat.
However, the Taiwanese small screw makers suggested CSC cut the prices to enlarge the price difference between EF Al-killed wire rods and steel wires and bars. It's known that the price difference between EF Al-killed wire rod and steel wire and bars used to be at NT$2,000/ton but it comes to NT$1,200/ton recently. The Taiwanese small screw makers believe that if CSC cuts the prices for EF Al-killed wire rods, it will help them to receive better order volumes in export market.
