25
Mar
09:35
Taiwan scrap prices decline in weak market
The Taiwanese scrap market continues to slump this week, and offers from the U.S. have also fallen due to the impact of Covid-19, Kallanish notes.
Traders had hoped scrap prices in Taiwan would remain unchanged early this week, but reduced demand has forced them to cut prices to gain market attention. Offers for HMS 1&2 80:20 container scrap from the US West Coast are down $8-10/tonne week-on-week to $220/t cfr Taiwan. Market participants point …
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Anonymous
Very good overview of the weekly steel market.
Anonymous