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28 Feb

Taiwanese scrap prices decline further

Taiwanese scrap prices have shown a continuous decline this week. High local scrap inventories but weak demand are the reasons for the lower prices. Kallanish assessed HMS 1&2 80:20 container scrap at $367/t cfr Taiwan, down $3/t from a week before. Containerised US-origin HMS 1&2 80:20 scrap is being offered at $367-368/t cfr this week, which is down from offers at $370/t cfr last week. Deals took place at $368/t late last week, but the volume was vā€¦
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