Taiwan's scrap import prices pushed up by higher offers

Import prices for containerised HMS-grade ferrous scrap in Taiwan have increased this week, as tight supply from the USA and a strengthening yen drove up offer prices.

Metal Bulletin’s assessment of import prices for USA-origin HMS 1&2 (80:20) was $240-245 per tonne cfr Taiwan for the week ended Friday June 2, up $5 per tonne from $235-240 per tonne cfr in the preceding week.

Pressure had been mounting in the market after three consecutive weeks of stagnant...

Published

Juan Weik

June 02, 2017

13:18 GMT

Singapore