SteelOrbis has been informed that the price of stainless scrap in Taiwan has decreased to the range of NTD 57,500-63,000/mt ($1,773-1,942/mt) ex-yard, a decrease of NTD 13,000-14,500/mt ($401-447/mt) as compared to last week.
The above prices, which include five percent VAT, are for early June shipments.
$1 = NTD 32.438