Taiwan's scrap market strengthened this week, with slightly tighter domestic supplies boosting purchases of imported scrap.
Major local Taiwanese steel mill Feng Hsin Iron & Steel has increased its scrap purchasing prices and rebar sales prices each by TWD 200/t ($6.26/t) for this week. Its HMS 1 scrap purchase price was at TWD 11,300/t ($354/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar reached TWD 19,700/t…
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