Taiwan’s steel mills import pig iron to replace insufficient scrap supply
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Update time : 2023-08-15 14:24:53
According to Customs statistics, Taiwan’s pig iron imports totaled around 87,500 tons in July, surging by 150% compared to the previous month.
Among them, imports from Russia accounted for the largest proportion, totaling around 66,300 tons. Brazil ranked second with roughly 18,300 tons.
In the first half of this year, Taiwan’s pig iron imports amounted to nearly 129,000 tons. Imports in July reached two-thirds of the first-half volume.
Some of Taiwan’s steel mills tended to purchase pig iron due to the decreased supply of high-quality scrap. It was expected that pig iron imports in the second half of the year will exceed those in the first half.
