Taiwan's wire rod market still weak
Published: 12 Oct 2009 18:00:59 PSTOct. 12 MetalBiz--Taiwan's wire rod market remained sluggish last week.
There were only very few deals and the price continuously slid. Even though Quintain Steel Co., Ltd. and Yieh Hsing Enterprise kept the same price level in October, the wire rod market was nevertheless sluggish last week due to rather weak demand.
If scrap and rebar prices are keeping on downward, it will be harmful to the future wire rod market.
In addition, China's wire rod price will also have an impact on the whole market after the National Holiday. Although the domestic material is very limited, Taiwanese wire rod market is not optimistic this week due to lower demand.
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