Ex-S. Korea wire offers to China

SteelOrbis is informed that a South Korean mill has offered various wire products for export to China. The price levels of the offers are as follows:

Product                Grade          Size         Price      Shipment

Hard drawn            JISG3521        2.0 mm      $950/mt     end of Oct.
steel wire              SW-C          

Piano wire            JISG3522        1.0-       $1,500/mt    mid of Dec.
                       SWP-B         1.19 mm

Oil tempered wire     JISG3561        2.0-        $2,180-     mid of Jan.
                      SWOSC-V        2.5 mm       2,230/mt

Oil tempered wire     JISG3561        2.5-        $2,000-     mid of Jan.
                      SWOSC-V        2.99 mm      2,050/mt
                           

All prices are CIF Shanghai for advance telegraphic transfer (T/T) payment and on actual weight basis. The prices are stable compared with early October.