10
Nov
08:20
Taiwanese scrap extends falling trend
Taiwan's scrap prices have fallen for two consecutive weeks after hitting new highs in late October. Local steelmaker sales are struggling, leading to a further decline in scrap demand.
Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $470/tonne cfr Taiwan, down by $10/t week-on-week.
The international scrap market is still relatively strong compared to the local market. Even though demand in South Korea has weakened recently, Turkish…
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Anonymous
Very good overview of the weekly steel market.
Anonymous