03
Jan
10:48
Taiwanese scrap falls on currency changes
Taiwan's scrap market fell after the holidays, with the appreciation of the new Taiwan dollar causing local scrap to face import competition.
Major local Taiwanese steel mill Feng Hsin Iron & Steel has cut its scrap purchasing prices and rebar sales prices by TWD 300/t ($9.67/t) this week. Its HMS 1 scrap purchase price was at TWD 11,200/t ($361/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar was at TWD 19,700…
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Anonymous
Very good overview of the weekly steel market.
Anonymous