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06 Oct
15:18

Taiwan scrap prices stabilise to promote sales

The Taiwanese scrap market continues to remain stable this week, with steel mills attempting to promote transactions by maintaining prices, Kallanish notes. Major Taiwanese electric arc furnace mill Feng Hsin Iron & Steel has this week kept its rebar sales prices and scrap purchasing prices flat. Its purchase price for HMS1 is at TWD 12,200/tonne ($436/t) and the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar is…
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