22
Apr
11:22
Taiwanese scrap market picks up on demand
Driven by the rise in international scrap prices and busy sales of low-priced rebar, Taiwan's scrap market prices have further increased, Kallanish notes.
HMS 1&2 80:20 container scrap from the US West Coast is now offered at $220-225/tonne cfr Taiwan, seeing about a $10-15/t increase compared with the offers last week. Due to tight supply, sellers' confidence has increased and space for bargaining is limited. Local Taiwanese traders say…
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Anonymous
Very good overview of the weekly steel market.
Anonymous