It’s reported that Taiwan’s export prices of small-diameter wire rods with diameter less than 14mm hit the two-year low in this January.
In January, the export prices of small diameter wire rods averaged at NTD 21,425 per tonne, falling by NTD 312 per tonne from a month ago. Also, the export prices have fallen for consecutive five months. Meanwhile, Taiwan’s imports small-diameter wire rods totaled 23,124 tons, falling by 24% from a month ago.
However, industry sources predicted that Taiwan’s export prices of small-diameter wire rods may rebound in the near future, driven by stable steel prices in global market and China Steel Corp’s price rise.
