Export prices for container scrap to Taiwan slip
Jun 27, 2014 | 01:00 PM
| Sean Davidson
NEW YORK Export prices for containerized ferrous scrap to Taiwan slipped this past week as mill demand receded following four weeks of gains.
Market participants reported container sales of an 80/20 mix of No. 1 and No. 2 heavy melt in a range of $356 to $360 per tonne c.f.r. Taiwan, down from $359 to $362 per tonne a week earlier.
A drop in order books for reinforcing bar resulted in weaker interest in scrap from mill buyers, who now expect demand to come from such countries as Thailand, Malaysia and Vietnam.....
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