21
Jul
14:22
Taiwanese scrap prices turn down
Taiwanese scrap prices have begun to decline this week, and falling demand has caused steel mills to reduce their purchases.
Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $455/tonne cfr Taiwan, down by $5/t week-on-week.
Scrap prices in the US and Japan have continued to drop this week, and the spread of the latest Covid-19 pandemic wave across Asia has led to a decline in activity for import transactions. HMS 1&2 80…
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Anonymous
Very good overview of the weekly steel market.
Anonymous