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22 Jun

Taiwan scrap plummets on bearishness, Vietnamese scrap weak

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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