Outlook mixed for scrap import prices in Taiwan as prices hit $255 per tonne cfr

Import prices for containerised HMS-grade ferrous scrap in Taiwan have plunged over the past week, leaving market participants wondering whether they have bottomed out.

Metal Bulletin’s assessment of import prices for USA-origin HMS 1&2 (80:20) was $255-258 per tonne cfr Taiwan for the week ended Friday March 31, down $13-17 per tonne from $268-275 per tonne cfr in the preceding week.

While trading was almost muted in the week of March 20-24, the last week of the month saw a “bit more activity”, with more Taiwanese electric arc furnace (EAF) mills in the...

Published

Juan Weik

March 31, 2017

12:25 GMT

Singapore