[Ferro-Alloys.com] It’s reported that the South Korean steelmakers have cut the export quotes of steel wire products by USD100/ton to Taiwan recently.

It’s learned that South Korean exporters offered the steel wires quoted at USD700/ton C&F to Taiwan in order to gain orders recently, falling by US$100/ton from the previous quotes.

However, Taiwan’s imports of steel wire from South Korea have still slid due to weak demand from downstream buyers.