23
Feb
13:32
Unclear outlook unsettles Taiwanese scrap prices
Taiwan's scrap market has cooled after three consecutive weeks of gains. The Chinese government's crackdown on iron ore market hype has affected some market sentiment, but Taiwanese traders believe the upcoming peak demand season will still stimulate prices.
Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $485/tonne cfr Taiwan, level from a week earlier.
US suppliers were relatively inactive this week with fewer offers …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous