Taiwanese steelmakers in wait-and-see mode on scrap after low-cost deal for Russian billet

Low-cost Russia-origin steel billet emerged in the Taiwan market again this week, causing Taiwanese buyers to wait and watch in terms of scrap imports, sources told Fastmarkets on Tuesday September 19.

Some Russian billet was heard sold to Taiwan at just $500 per tonne CFR in recent days, according to sources.

“It was a very competitive price,” a mill source in...