05
May
09:51
Taiwanese scrap prices shrink, demand holds
Scrap import prices in Taiwan fell sharply this week, especially as Turkey's Eid holiday hit demand and prices for US scrap.
Kallanish assessed HMS 1&2 80:20 container scrap on Thursday at $490/tonne cfr Taiwan, down by $40-45/t from last week.
The rapid decline in prices was hastened by the holidays, which suppressed demand in the global scrap market. The Turkish market, the largest buyer of US scrap, entered the Eid holiday late last…
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Anonymous
Very good overview of the weekly steel market.
Anonymous