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21 Jun

Taiwanese scrap gains on firm offers

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. Local …
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