18
Oct
13:26
Taiwanese scrap sees further decline on weak demand
The Taiwanese scrap market saw more losses mid-week after prices stabilised at the start of the week.
Kallanish assessed HMS 1&2 80:20 container scrap at $365/t cfr Taiwan, down $3/t from last week.
Major local Taiwanese steel mill Feng Hsin Iron & Steel has cut its scrap purchasing prices by TWD 200/t ($6/t) this week. Its HMS 1 scrap purchase price was at TWD 10,900/tonne ($337/t), while the list price for #5 (5/8 inches or 15.875mm nomin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous