25
Sep
13:47
Taiwanese container scrap market tumbles further
The Taiwanese market for containerised scrap continues to fall as global scrap prices lower, Kallanish notes.
Major Taiwanese EAF mill Feng Hsin Iron & Steel cut its scrap procurement prices by TWD 200/tonne ($6.45/t) last Friday and rebar prices by TWD 200/t on Monday. Its purchase price for HMS 1 was TWD 7,900/t and the ex-works list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar was TWD 15,900/t.
A Taiwanese trade…
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Anonymous
Very good overview of the weekly steel market.
Anonymous