16
Jun
10:54
Taiwanese scrap declines on less buying interest
The spread of Covid-19 in Taiwan and reduced production due to summer power cuts have slowed down trading activity in the Taiwanese scrap market, Kallanish notes.
Offer prices of imported scrap have nevertheless been firm this week. HMS 1&2 80:20 from the US West Coast is offered at $450-455/tonne cfr Taiwan. This is a slight increase of $2.5-5/t from last week's quote, mainly due to higher domestic scrap prices in the US. Offers for Ja…
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Anonymous
Very good overview of the weekly steel market.
Anonymous