27
May
11:25
Taiwanese scrap prices drift lower on weakened demand
Demand for scrap steel in Taiwan has lowered this week, and due to the arrival of the summer rainy season, steel companies have limited electricity supplies, Kallanish notes.
HMS 1&2 80:20 container scrap from the U.S. west coast were generally offered at $235/tonne cfr Taiwan, unchanged from last week. Even if the sellers' supply is still limited, transactions are only possible as low as $230/t cfr, a local source tells Kallanish. This…
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Anonymous
Very good overview of the weekly steel market.
Anonymous