Tycoons Group, one of the major wire and fastener manufacturers in both Taiwan and Thailand market said that since Taiwan's China Steel Corp. has cancelled its low price wire rod promotion, it helps Tycoon's wire rod customers to restart their purchase for stock.
The company's average wire rod order quantity is about 6,000 tons per month in general, but they have received more than 10,000 ton wire rod orders in this September.
Also, Tycoons said they can already see its orders for more than three months long; thus, the company's sales should be able to stay firmly in both this September and the whole of fourth quarter.