09
Nov
15:15
Shrinking demand hits Taiwanese scrap prices
The Taiwanese scrap market has continued to decline, with weak demand still dominating the downtrend. Production cuts at steelmakers across Southeast Asia and China have brought further negativity to the Taiwanese market, Kallanish notes.
Local electric arc furnace producer Feng Hsin Iron & Steel has again decreased its rebar sales prices by TWD 400/tonne ($12/t) and scrap buying prices by TWD 300/t. Its purchase price for HMS1 is at TWD 10,300/t ($324/t) and&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous