China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan is going to announce its list prices for electric furnace (EF) Al-killed wire rods for May.
Market participants predicted that CSC might leave its list prices for EF Al-killed wire rods unchanged for May as the steel wire prices dropped in the Chinese market and scrap prices fell in the international markets.
It’s known that the steel wire prices have dropped by RMB150~RMB200/ton after the Chinese New Year holiday.
In addition, the quotes of the US HMS 80:20 (1&2) to Taiwan have decreased to US$370/ton C&F currently.
At present, CSC’s list prices for EF Al-killed wire rods are at NT$22,200/ton and the actual selling prices stand at NT$21,200~NT$21,700/ton.