Most Taiwan’s steel mills have sufficient scrap stocks
28 Sep 2020 15:05 reported by Joy Liu
It was reported that some Taiwan’s steel mills limited their scrap purchases in September due to a sharp increase in September’s prices. Coupled with a sufficient scrap stock for the fourth quarter, steel mills might not necessarily be urgent for scrap purchasing.
It was expected that there won’t be a lack of scrap and billet before December due to the current enough inventory. Whether prices will sharply rebound or not depended on the scrap supply in the fourth quarter, the time for steel mills to prepare materials for the first quarter of 2021, and the purchasing might be more active after this November.
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