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19 Apr
14:59

Taiwan scrap prices flat but seen weakening

Scrap import prices in Taiwan were flat this week, but the local scrap market may weaken later in the week. Kallanish assessed HMS 1&2 80:20 container scrap at $385-390/tonne cfr Taiwan, unchanged on-week. Local Taiwanese buyers have favoured Japanese scrap more in recent weeks. Japan's scrap prices continued to drop due to lower buying in other parts of Asia, which has narrowed the spread with US scrap prices. The latest offers this week show that J…
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