03
Feb
11:04
Taiwanese scrap prices drop further
Taiwan's scrap market prices have continued to drop this week, with suppressed demand from steel mills resulting in few transactions.
Scrap supply from the US increased, but neither Turkish nor Taiwanese buyers were eager to purchase. The decline in demand caused prices to fall. Offers for HMS 1&2 80:20 container scrap from the US West Coast dropped about $30/tonne to around $370/t cfr Taiwan earlier this week, and then saw another decline to $360/t c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous