05
Jul
15:21
Taiwan scrap rises on currency depreciation
Due to the recent depreciation of the Taiwan dollar, purchasing costs of scrap importers in Taiwan have increased.
Kallanish assessed HMS 1&2 80:20 container scrap at $372/tonne cfr Taiwan, up $2/t on-week.
Containerised US-origin HMS 1&2 80:20 scrap was offered at $372-375/t cfr Taiwan this week. Small volumes of bookings were reached at $372/t cfr Taiwan, slightly higher than the purchase price last week. "The depreciation of the Taiwan dollar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous