Taiwan’s domestic scrap prices steady this week, at low levels

摘要

Domestic ferrous scrap prices in Taiwan were unchanged this week, as scrap inventories for some major mills were still sufficient, although tethered to a gloomy outlook for steel, Taiwanese market sources said. Major Taiwanese mini-mill Feng Hsin Iron and Steel kept its domestic scrap buying price at T$8,400/mt ($273/mt) for HMS I/ II 80:20 grade delivered to its Taichung mill, unchanged from the previous week, a source from the mill said. In comparison with a month ago, its price has dropped by a total of T$800/ mt, S&P Global Platts data showed.