11
Oct
12:21
Taiwanese scrap steadies during holiday
Taiwanese scrap imports were stable as the market entered the holidays, and trading activity was muted. However, local scrap purchase prices ended their six-weeks of stability and saw declines due to lower demand, Kallanish notes.
Major local Taiwanese steel mill Feng Hsin Iron & Steel has cut its scrap purchasing prices and rebar sales prices each by TWD 200/t ($6/t) this week. Its HMS 1 scrap purchase price was at TWD 11,100/tonne ($346/t), while …
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Anonymous
Very good overview of the weekly steel market.
Anonymous