Taiwanese import scrap prices rise as buyers accept higher offers

Taiwan’s import prices for containerised HMS-grade ferrous scrap have inched up over the past week, as offers to the country heard earlier at higher prices have turned into deals.

“Taiwanese rebar demand is weak due to the rainy season, so it is difficult for mills to raise their steel product prices for the home market after purchasing more expensive scrap,” a trader said.

“However, as...

Published

Nadia Popova

July 28, 2017

14:35 GMT

Moscow