24
Jan
13:21
Taiwanese scrap moves up on improving sentiment
Taiwanese scrap prices rose this week as rebar sales strengthened in the local market.
Major local Taiwanese steel mill Feng Hsin Iron & Steel has increased its scrap purchasing prices and rebar sales prices by TWD 200/tonne ($6.39/t) and TWD 300/t respectively this week. Its HMS 1 scrap purchase price was at TWD 11,400/t ($364/t), while the list price for #5 (5/8 inches or 15.875mm nominal diameter base) rebar was at TWD 20,000/t ($639) ex-works. Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous