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22 May

Taiwan scrap import prices struggle

Taiwan's scrap import prices are in a tug of war between buyers and sellers, as summer power cuts and rising electricity prices have slowed local steel production. Kallanish assessed HMS 1&2 80:20 container scrap at $348/tonne cfr Taiwan, down by $2/t from last week. Containerised US-origin HMS 1&2 80:20 scrap is being offered at $350/t cfr Taiwan this week, unchanged for three consecutive weeks. US sellers are reluctant to cut prices furthe…
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