Taiwanese steel mills cut scrap buy prices again amid poor rebar sales

Spot prices for imported steel scrap in Taiwan dropped further on Wednesday March 22 due to slow rebar sales. More steel mills lowered their local scrap buy prices to save production costs, market sources told Fastmarkets.

  • Taiwanese mills cut local scrap buy prices to save cost
  • Offers for imported containerized cargoes drop into Taiwan
  • Japanese scrap exports remain uncompetitive despite recent price drop
Taiwan

Two major...

Published

Lee Allen

Tianran Zhao

March 22, 2023

18:15 GMT

London, Shanghai