08
Jan
09:48
Taiwanese scrap market declines, outlook negative
The Taiwanese containerised scrap market saw a slight decrease after the New Year holiday as demand weakened from December, Kallanish notes.
A scrap yard source in Taiwan tells Kallanish that scrap prices are now down about $5-10/tonne from the peak in December. Most market transactions for HMS 1&2 80:20 container scrap from the US West Coast reached a high of $265/tonne cfr Taiwan, and mills are currently bidding at below this. Anothe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous