29
Jun
16:21
Taiwan scrap prices plummet amid weak market
Sluggish buying sentiment has seen Taiwanese scrap prices fall sharply, amid a plummeting international scrap market.
Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $350/tonne cfr Taiwan, down $50/t from last week.
Offers for HMS 1&2 80:20 container scrap from the US West Coast have dropped from $360-370/t cfr last week to $350-360/t cfr this week. Scrap prices declined by more than market expectations, prompting more local end…
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Anonymous
Very good overview of the weekly steel market.
Anonymous