12
May
10:17
Taiwanese scrap market attracts Chinese buyers
Taiwanese scrap market deals continued to diverge this week, with local scrap sales increasing but imported scrap transactions scarce.
As local scrap prices are cheaper than imports, Taiwanese steel mills are vying to buy local scrap to increase inventories. This has also led to an increase in local scrap prices, which are slowly catching up with international values.
Major Taiwanese electric arc furnace mill Feng Hsin Iron & Steel has this week lifted i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous