Taiwan’s import scrap prices 'will reach $260 per tonne cfr soon'

Import prices for containerised HMS-grade ferrous scrap in Taiwan have spiked this week, amid the recovery in the international markets driven by Turkey and China, with more price increases expected.

Metal Bulletin’s import price assessment for USA-origin HMS 1&2 (80:20) was $243-253 per tonne cfr Taiwan for the week ended Friday February 17. This was up by $13 per tonne from $230-240 per tonne cfr in the preceding week. Bookings for cargoes from the West Coast of the USA were confirmed at $243-245 per tonne cfr...

Published

Juan Weik

February 17, 2017

14:40 GMT

Singapore