20
Jul
11:45
Taiwan scrap prices freeze as steel demand weakens
Taiwan scrap prices have remained unchanged for a month as market sentiment has been negative due to the lack of local steel sales opportunities.
Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $350/tonne cfr Taiwan, unchanged from last week.
Scrap offers from the US were flat, with suppliers losing confidence in Taiwanese demand. Offers for HMS 1&2 80:20 container scrap from the US West Coast are stable at $360/t cfr …
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Anonymous
Very good overview of the weekly steel market.
Anonymous