20
Mar
13:58
Taiwanese scrap falls, buyers face cost pressure
The Taiwanese scrap market has weakened this week, even as local mills announced they would keep purchasing prices unchanged to ensure supply.
Major Taiwanese steel mill Feng Hsin Iron & Steel has kept its scrap purchasing prices stable, but cut rebar sales prices by TWD 200/tonne ($6.26) this week. Its HMS 1 scrap purchase price was TWD 10,700/t ($335/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar was TWD 19,200…
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Anonymous
Very good overview of the weekly steel market.
Anonymous