29
Mar
10:46
Taiwanese scrap declines amid electricity price rise
Taiwan's scrap market has slipped again this week and higher electricity prices will put additional cost pressure on steelmakers.
Kallanish assessed HMS 1&2 80:20 container scrap at $410/tonne cfr Taiwan, down by $15/t on-week.
Offers for US/Australia-origin HMS 1&2 80:20 scrap declined to $415/t cfr Taiwan this week, with bids not exceeding $410/t cfr, a Taiwanese contact tells Kallanish. Meanwhile, Japanese H1&H2 50:50 scrap …
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Anonymous
Very good overview of the weekly steel market.
Anonymous