Taiwanese scrap import prices up as US supply tightens

Taiwan’s prices for imports of containerized HMS-grade ferrous scrap have risen this week on tighter supply in the spot market.

Sources said there were fewer spot cargoes as traders withheld offers in the face of bullish sentiment. Demand remained stable from electric arc furnaces in the territory.

Metal Bulletin’s assessment of import prices for of United States-origin HMS 1&2 (80:20) into Taiwan was $280-290 per tonne cfr for the week ending Friday October 27. This is up $5 per tonne from last...

Published

Paul Lim

October 27, 2017

10:25 GMT

Singapore