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20 Sep

Taiwanese scrap prices stall on low demand

Taiwan's scrap market has remained stable for more than a month, and weak demand from the downstream steel industry has in turn suppressed steel mills' demand for raw materials. Kallanish assessed HMS 1&2 80:20 container scrap at $370/tonne cfr Taiwan, stable for the fifth week in a row. Major local Taiwanese steel mill Feng Hsin Iron & Steel has kept its scrap purchasing prices and rebar sales prices unchanged again this week. Its HMS 1…
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