Taiwan import scrap prices inch up on Turkish price growth

Taiwan’s import prices for containerised HMS-grade ferrous scrap have gone up over the past week, following the upward move in the Turkish market, the world’s largest buyer of the material.

However, the growth was said to be limited due to the weakness in Taiwan’s own domestic steel demand, Metal Bulletin has heard. “The Taiwanese steel mills can’t fully pass on the higher scrap prices to their end-users as the demand for the long products they make is slow,” a local trader said. “However, the local producers understand that there...

Published

Nadia Popova

July 07, 2017

16:35 GMT

Moscow