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Fastener World E-News No.43

Taiwan CSC's Wire Rod Price up NTD 800 in Q1 2024

According to Taiwan CSC's report, the global steel industry has hovered low for a year and a half and stockpile in the downstream is at a relative low. Steel price and supply is bound to go higher in the first quarter of 2024. Considering the rise in steel-refining material cost and international steel prices, Taiwan CSC has raised the price for January 2024 as appropriate to cope with the increased material costs. The first-quarter price in 2024 has been reflected in accordance to the status of downstream industries. Price adjustments for Q1 2024 by Taiwan CSC Products Price Adjustment (NTD per ton) Wire rod (low/mid/high carbon, cold headed, low alloy steel) +800 Automotive materials +500