After stabilising in the second half of August, scrap prices in Taiwan started to rise this week driven by currency depreciation.
Major local Taiwanese steel mill Feng Hsin Iron & Steel has increased its scrap purchasing prices and rebar sales prices each by TWD 200/tonne ($6.3/t) for this week. Its HMS 1 scrap purchase price was at TWD 11,100/t ($350/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar reached TWD 19,…
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