09
Jun
13:13
Taiwanese scrap remains stable amid slow purchasing
The Taiwanese scrap market has stabilised this week. Although Japanese scrap prices have risen, US scrap prices have remained flat, Kallanish notes.
Late last week, the purchase price of Taiwanese scrap continued to fall, to $440-443/tonne cfr Taiwan, on the back of steel mills' reduced purchasing. This week, Taiwanese steel mills are still restricting purchases, and buyer activity is subdued. Containerised HMS 1&2 80:20 from the US West Coast is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous