15
May
12:10
Taiwanese scrap loses, buyers hold demand
The Taiwanese scrap market continued to fall this week, with slowing downstream rebar sales causing local scrap buyers to take a wait-and-see attitude towards scrap transactions.
Major Taiwanese steel mill Feng Hsin Iron & Steel has maintained its scrap and rebar offers this week. Its HMS 1 scrap purchase price was TWD 10,800/t ($336/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar was at TWD 19,400/t ($603) ex-wor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous