Taiwanese scrap import offer prices drop by $10 on weak demand

Taiwan’s prices for imports of containerised HMS-grade ferrous scrap have gone down by $10 per tonne over the past week, as local buyers have preferred to purchase domestic scrap.

Offers of USA-origin HMS 1&2 (80:20) were reported at $300-305 per tonne cfr Taiwan, down from $310-315 per tonne cfr last week.
“I’ve heard that most of the mills have suspended purchases of imported scrap this week as they can get sufficient supplies from the local market at more attractive prices,” a trader said.
Scrap stock levels at Taiwanese steelmakers were also said to be “quite high”.

One producer purchased USA-origin HMS 1&2 (80:20) at $295 per tonne cfr, he said, but “has also...


Nadia Popova

September 01, 2017

12:52 GMT