07
Aug
13:37
Lower billet prices hit Taiwan scrap market
Taiwan saw lower domestic rebar and scrap prices this week, but imported scrap prices were flat again.
Major Taiwanese steel mill Feng Hsin Iron & Steel has cut its scrap and rebar offers by TWD 300/t ($9.18/t) and TWD 400/t respectively. Its HMS 1 scrap purchase price is TWD 10,200/tonne ($312/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar is TWD 18,900/t ($578) ex-works.
The import of low-priced billets has im…
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Anonymous
Very good overview of the weekly steel market.
Anonymous