Quintain Steel, one of the major wire rod producers in Taiwan announced to raise its list prices for its wire rod products by NT$500~NT$1,000/ton for next January.
It’s known that the company decided to increase its list prices for Al-killed wire rods by NT$500/ton to NT$25,500/ton.
Also, the company increased the list prices for rimmed wire rods and blast furnace killed wire rods by NT$1,000/ton respectively to NT$24,500/ton and NT$23,500/ton.
Industry sources said that the Quintain Steel’s price rise met the market participants’ forecast since the prices of raw materials such as scraps and iron ore have increase recently.
