22
Jul
09:14
Taiwanese scrap prices continue to increase
Taiwanese scrap supply remains low during the off-peak season, but traders' offer prices are firm.
HMS 1&2 80:20 container scrap from the US West Coast was offered at around $245-248/tonne cfr Taiwan, up $5-10/t week-on-week. For steel mills with limited power supply, the price has exceeded expectations. Some mills put forward bids of $243-245/t cfr Taiwan, but sellers responded negatively to the prices.
A local trader says, due to the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous