Scrap prices in Taiwan have risen this week on the back of limited supplies and boosted steel sales.
Taiwanese local steel mill Feng Hsin Iron & Steel has increased its rebar prices and scrap purchasing prices respectively by TWD 300/tonne ($9.69/t) and TWD 200/t this week. Its HMS 1 scrap purchase price is at TWD 10,700/t ($345/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar reached TWD 19,300/t ex-works.
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