SteelOrbis has been informed that the prices of HMS I/II carbon scrap in Taiwan have dropped by NTD 200/mt ($6/mt) over the past week to NTD 9,500-10,200/mt ($295-317/mt) ex-yard on actual weight basis.
In the meantime, stainless steel scrap prices in the Taiwanese domestic market have dropped by NTD 2,000/mt ($62/mt) over the past week to NTD 33,000-35,500/mt ($1,024-1,102/mt) ex-yard.
The above prices include five percent VAT and are for shipments in early August.
$1 = NTD 32.22