22
Mar
09:18
Taiwanese scrap prices slump amid financial market turmoil
The global banking crisis has thrown financial markets into uncertainty, which has also hit confidence among commodity buyers.
Local Taiwanese buyer Feng Hsin Iron & Steel cut its scrap buying prices and rebar sales prices by TWD 300/t ($9.83/t) and TWD 200/t this week, dragging the purchase price for HMS1 to TWD 12,400/t ($406/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar reached TWD 21,300/t ex-works…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous