Material Costs Downdrop Brings Taiwan More Oders

Taiwan CSC has recently announced the wire price for July and August declined to NTD1,363 per ton (about USD45), which may help Taiwanese fastener manufacturers reduce costs and earn more orders in Q3.

Chun Yu Works & Co., Ltd. from Taiwan says that although overseas buyers are likely to request cheaper prices of fasteners, the downfall of material costs can still help them gain more orders from foreign markets.

Tycoons Group Enterprise Co., Ltd. says that the price reduction of Taiwan CSC will force them to adjust the wire price downward, it will still result in material benefits to Tycoons’ fasteners.