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09 Mar
13:13

Soaring raw materials stimulate Taiwan scrap prices

Taiwanese scrap prices have maintained a positive trend amid strong international gains, with local mills' positive expectations for demand supporting their target prices. Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $500-505/tonne cfr Taiwan, up by $15/t from a week earlier. The Russian-Ukrainian conflict is having a significant impact on market supply, with Taiwan's local steel billet supply tight and scrap prices soari…
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