14
Oct
13:34
Taiwanese scrap prices fall on demand
Taiwanese scrap transaction prices have slightly declined, with weaker rebar sales undermining scrap prices.
HMS 1&2 80:20 container scrap from the US West Coast is offered at $270-275/tonne cfr Taiwan, almost unchanged from last week. Deals were however concluded late last week at $265-268/t cfr. Offers have rebounded because US supply is limited, so some sellers lifted prices to steady the market.
Meanwhile, Japanese-origin scrap prices are supportive.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous