Posted on 29 Aug 2008
Scrap prices dipping in Taiwan
Taiwan?fs scrap prices have plunged in line with dropping scrap prices in the global market.
Turkish market remains quiet and American scrap price keeps on decreasing. Japanese Tokyo Steel has cut its scrap purchasing prices again by ??2,000~3,000/ton today.
Therefore, some enterprises in Taiwan forecasts that if the scrap price continuously decreases, scarp prices will lower than NT$10,000/ton soon.
