22
Feb
13:44
Taiwan scrap prices fall on lower bids
Scrap trading prices in Taiwan were down from last week, but a recovery in the Turkish market could bring about a change in market direction.
Local Taiwanese buyer Feng Hsin Iron & Steel slashed its scrap buying prices by an additional TWD 600/t late last week after a sharp fall in international scrap prices. This week, the mill cut its rebar sales prices by TWD 400/t ($13/t). Its purchase price for HMS1 is now at TWD 11,800/t ($387/t) and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous