Bearish sentiment in Taiwan rebar market pressures down scrap prices

Spot prices for imported containerized ferrous scrap in Taiwan weakened slightly on Tuesday May 17 amid low demand for scrap due to bearish sentiment in its rebar market, according to market sources.

Buyers bought containerized scrap cargoes at $440-450 per tonne cfr Taiwan on Tuesday, sources said.

Fastmarkets’ daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20 mix), United...

Published

Tianran Zhao

May 17, 2022

10:30 GMT

Shanghai