25
Oct
13:47
Taiwanese scrap prices fall further
Taiwan's scrap market continued its decline as demand stagnated. Local steel mills expect steel sales to firm in the fourth quarter.
Major local Taiwanese steel mill Feng Hsin Iron & Steel has cut its scrap purchasing prices and rebar sales prices by TWD 200/t ($6/t) and TWD 400/t this week. Its HMS 1 scrap purchase price was at TWD 10,700/tonne ($330/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar was maintai…
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Anonymous
Very good overview of the weekly steel market.
Anonymous