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09 Aug

Taiwan scrap prices gain on currency depreciation

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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