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Feng Hsin Cuts Steel Bar and Wire Rod Prices for July Shipment

by wireworld on 07/02/2012 - 04:53 pm

Tags: Market Stats, Press Releases

Feng Hsin, one of the major steel long product producers in Taiwan, has announced to cut its base prices of steel bar and wire rod by TWD 1,000 per tonne for July 2012 shipment.


 


Meanwhile, this is the first time that the company cut the prices since 2012. After the price announcement, the company's latest prices of 1008A wire rod are at TWD 23,800 per tonne; that of 45C straight bar with diameters of 13mm to 100mm is at TWD 24,200 per tonne and that of 45C straight bar with diameters of 103mm to 150mm is at TWD 23,700 per tonne and that of A36 straight bar with diameter of 51mm to 72mm is at TWD 23,100 per tonne.


 


Feng Hsin stated that it decided to cut the prices of steel bar and wire rod by TWD 1,000 per tonne as it considered the weak demand from downstream buyers and China Steel Corporation cut the list prices of electric furnace Al killed wire rod for July 2012 shipment.