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The Taiwanese scrap market has fallen rapidly on negative expectations, with local buyers taking advantage of the opportunity to close deals at low prices. Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $400/tonne cfr Taiwan, down $40/t from last week. A seasonal slump in demand has weighed on market sentiment and purchasing intentions, with Taiwan's scrap import prices plummeting since last Friday. On Wednesday, offe…
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