27
Jan
10:01
Taiwan scrap price decline accelerate
Asian scrap markets have ushered in a sharp downward price adjustment ahead of the Chinese New Year. Weak scrap demand has led steel mills to expect lower prices and hold back orders.
Affected by the decline in international scrap prices, scrap offer prices to Taiwan have gradually decreased, while the quantity of offers has increased. Offers for HMS 1&2 80:20 container scrap from the US West Coast dropped about $35/tonne to around $400/t cfr Taiwan earlier th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous