In January wire rod prices will be increased by CSC

Despite subdued demand, the persistent rise in raw material prices presents a problem. The recent 0.5 percent appreciation of the Taiwan dollar against the US dollar may provide some relief in terms of raw material import costs.

In December, the majority of steel mills in China raised prices. In Taiwan, CSC is likely to be cautious in price adjustments to maintain downstream competitiveness. Initial expectations suggest that CSC may consider a moderate price increase of NT$500-1,000 per ton for January.