Tag: scrap prices as weak demand weighs on market

Weak construction demand continues to pressure steel market Lower import scrap costs reduce mini-mill production expenses Mysteel Global: Taiwan’s largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has decided to trim its rebar list price and local scrap purchasing price by TWD 200/tonne ($6.2/t) respectively from the previous week for transactions…