It's reported that the quotes of the US scraps to Taiwan have dropped recently.
It's learned that a major scrap supplier in the US offered HMS 80:20 (1&2) quoted at US$395/ton C&F to Taiwan this week, falling by US$10/ton from a week ago.
In fact, the US scrap export prices to Taiwan surged sharply after the New Year holiday. The quotes had ever jumped to US$405/ton C&F, soaring sharply by US$30/ton from the prices in end of last December.
However, since the rebar prices have decreased in the Taiwanese market, it caused the scrap prices stop rising further.