Taiwan's scrap market has seen a drop in overseas offer prices this week. Local scrap shipments have meanwhile increased. The drop in steel demand this week has led some local Taiwanese mills to offer limited special offers to stimulate buying.
Major Taiwanese steel mill Feng Hsin Iron & Steel has kept its scrap purchasing prices and rebar sales prices stable for this week. Its HMS 1 scrap purchase price was at TWD 10,900/tonne ($350) last week, while…
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