[www.ferro-alloys.com] After several price rises, the scrap purchasing price dropped by NT$500/MT last week in Taiwan. However, the scrap price continues to decrease further by NT$500/MT this week. 
After adjustment, the current price level is in the range of NT$7400~8200/ton. As iron ore price dropped below than US$60/ton, China's steel price also lowered this week.
According to understanding, Taiwan's scrap buyers hope to cut the scrap purchasing price. Tokyo Steel increased the scrap purchasing price yesterday. Korea's scrap price is also up. So, it is very difficult to predict the scrap price now. 

(Article from Internet for reference only)

• [Editor:Chen Zhen Seng]