19
Jul
15:12
Taiwanese scrap inches lower on weak steel sales
Taiwan scrap prices fell this week on the weak steel market. Domestic steelmakers are disagreeing on price changes.
Major Taiwanese steel mill Feng Hsin Iron & Steel has kept its scrap purchasing prices stable and cut rebar sales prices by TWD 200/tonne ($6.43/t) for this week. Its HMS 1 scrap purchase price was at TWD 10,900/tonne ($350) last week, while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar reached TWD 19,300/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous