19
Jun
10:02
Taiwanese container scrap market turns sluggish
The Taiwanese market for containerised scrap has now fallen for three consecutive weeks, Kallanish notes. Local market demand for rebar is still weak, which has caused steel mills not to purchase scrap.
Taiwanese traders confirm that only a small volume of HMS 1&2 80:20 from the US West coast was booked this week at $270/tonne cfr. This is down over $10/t from transactions of $280-283/t cfr last week.
Another trader tells Kal…
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Anonymous
Very good overview of the weekly steel market.
Anonymous