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30 Nov
14:38

Taiwanese scrap market sentiment picks up

Taiwan's scrap market sentiment has improved as sales in the local steel market resumed during the peak demand season. Imported scrap prices have meanwhile firmed. Local electric arc furnace producer Feng Hsin Iron & Steel has increased its rebar sales prices and scrap buying prices by TWD 200/tonne ($6.48/t) for this week. Its purchase price for HMS1 is now at TWD 10,200/t ($331/t) and the list price for #5 (5/8 inches or 15.875mm nominal d…
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