08
Jun
07:13
Taiwanese scrap prices face lower bids
Taiwan's scrap market fell rapidly this week, with imported scrap facing competition from low-priced semis.
Kallanish assessed HMS 1&2 80:20 container scrap at $350-355/tonne cfr Taiwan, down $12.5/t on-week.
Local Taiwanese buyers are less interested in buying imported scrap, a market source told Kallanish. One factor it the cost pressure on EAF steel mills caused by higher electricity prices, which is forcing them to reduce production. In addi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous