23
Sep
13:06
Taiwanese scrap prices fall as expected
Taiwan's scrap prices have begun to fall in line with the international scrap market, and local steel mills will pressure prices down further, Kallanish notes.
HMS 1&2 80:20 container scrap from the US West Coast is offered at $280-285/tonne cfr Taiwan, down by $5/t week-on-week. The main reason for the decline is that Turkish buyers, which had been supporting US scrap prices, have withdrawn from the market. Taiwanese buyers have taken advantage of th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous