23
Mar
10:11
Taiwanese scrap prices peak
Imported scrap offers remain well above bids in the Taiwanese scrap market, although firm local demand is supporting prices. Offers have begun to decline, however, and transacted prices seem to be peaking.
Kallanish assessed HMS 1&2 80:20 container scrap on Wednesday at $560-565/tonne cfr Taiwan, up by $2.5/t from a week earlier.
After a sharp rise in US-origin offers, Taiwanese scrap market activity paused and mills' receptiveness to prices has…
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Anonymous
Very good overview of the weekly steel market.
Anonymous