14
Aug
14:33
Billet imports undermine Taiwan's scrap market
Taiwan's scrap steel market has experienced a decline this week, ending a period of stability. This drop is primarily attributed to weak domestic steel demand and an influx of low-priced imported billet.
Major Taiwanese steel mill Feng Hsin Iron & Steel has maintained its scrap and rebar offers this week. Its HMS 1 scrap purchase price is at TWD 10,200/tonne ($312/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) reba…
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Anonymous
Very good overview of the weekly steel market.
Anonymous