19
Feb
12:06
Taiwanese scrap market rebounds
The Taiwanese container scrap market rebounded this week, affected by stronger local rebar sales and the return of Turkish scrap buyers, Kallanish notes.
After scrap prices bottomed out last week, U.S. scrap offers started to rebound to about $230/tonne cfr Taiwan. This was mainly due to the rebound in Turkish buying and prices, which encouraged U.S. buyers to hold prices strong and boosted expectations of a positive market trend this week. Offer volumes…
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Anonymous
Very good overview of the weekly steel market.
Anonymous