27
Dec
14:25
Rebar and scrap weaken in Taiwan
The Taiwanese domestic scrap and rebar markets have weakened in the past week, Kallanish notes.
Leading Taiwanese EAF mill Feng Hsin Iron & Steel lowered its domestic scrap purchase prices by TWD 300/tonne ($10/t) last Saturday. Thereafter, the company decreased its domestic rebar prices by TWD 400/t on Monday. The EAF producer's purchase price for HMS 1 scrap is currently prevailing at TWD 7,900/t whereas its ex-works list price for #5 (5/8 inches or 15…
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Anonymous
Very good overview of the weekly steel market.
Anonymous