Taiwan's wire rod market remains optimistic

Published: 24 Sep 2009 21:55:28 PST

Sep.25 MetalBiz--According to the wire rod mills in Taiwan, China's wire rod imports will continue to be forbidden which is really helpful for domestic wire rod market.

China's wire rod export offer is lower than Taiwanese domestic price level. Although the domestic wire rod demand slightly drops recently and Al-killed wire rod price reduces as well, nevertheless, the future domestic wire rod market remains optimistic.

Meanwhile, American economy gradually revives. It's said that if China won't further cut their offers, wire rod price in the market can be more stable.