Taiwanese import scrap prices rise further, following global trend

Taiwan’s import prices for containerised HMS-grade ferrous scrap have gone up by $5-10 per tonne over the past week, following the continued upward trend in the global scrap markets.

However, the rises were accepted by local buyers only with some difficulty.
“Taiwanese mills are only importing scrap on a hand-to-mouth basis. The higher scrap costs get reflected in domestic rebar prices slowly, as demand is weak,” one trader said.

“Some Taiwanese mills opt for billet exports...

Published

Nadia Popova

August 04, 2017

14:38 GMT

Moscow