04
Oct
13:33
Taiwanese scrap declines amid weakening sentiment
Taiwanese scrap prices fell slightly this week, with consecutive holidays weakening market sentiment.
Major local Taiwanese steel mill Feng Hsin Iron & Steel has kept its scrap purchasing prices and rebar sales prices unchanged again this week. Its HMS 1 scrap purchase price was at TWD 11,300/tonne ($350/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar reached TWD 19,700/t ex-works. The mill has thus kept prices un…
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Anonymous
Very good overview of the weekly steel market.
Anonymous