Posted on 12 November 2007

 

Source: CENS, November 5, 2007

Due to the slip of scrap price, Taiwan's billet price is under the same downward trend.

It is reported that Taiwan's billet price has decreased to around US$545/ton.

Meanwhile, the imported billet price offered by Japanese mill is still lower than Taiwanese mill's which caused a new price cut pressure to the domestic market.

As to the slab price, it still stays at the high price level at around US$570/ton to US$610/ton, C&F price.

In the terms of scrap, Taiwan's Tung Ho Steel also reduced its price by NT$700/ton in total which significantly brought down the domestic scrap price to about NT$12,000/ton.

For pig iron, the global price stabilized at US$430/ton. Taiwan's mill price is however slightly lower than this level.

 

 

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