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27 Apr
12:29

Taiwanese scrap prices drop on sluggish demand

The global scrap price decline has dragged down Taiwanese scrap values this week. Local steel mills have consecutively lowered their scrap purchase prices to reflect the market downtrend. Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $530-535/tonne cfr Taiwan, down by another $15-20/t from last week. International raw material prices have faced challenges since last week, especially the sharp decline in iron ore pri…
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