24
Mar
11:53
Taiwanese scrap prices keep falling
Taiwan's scrap market prices have fallen along with the weakening of Turkish scrap prices, but Taiwanese market participants are not clear whether there is room for further declines.
This week, local traders offered containerised HMS 1&2 80:20 from the US West Coast at $390-395/tonne cfr Taiwan, breaching the $400/t cfr level and representing a week-on-week decline of about $20/t. Local mills are bidding at $385/t cfr Taiwan despite last wee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous