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06 Jul
15:56

Taiwanese scrap remains stable despite international rebound

The Taiwanese scrap market has continued to decline this week, even as sentiment improved among US suppliers. Local scrap buying was subdued. Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $350/tonne cfr Taiwan, unchanged from last week. Offers to Taiwan from US suppliers rose slightly this week, and a recovery in purchase prices by Turkish mills boosted seller confidence. But Taiwanese buyers' feedback was more negative t…
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