Taiwanese scrap import prices up again on stronger international market

Import prices for containerized HMS-grade scrap in Taiwan have strengthened further on the back of a strengthening global market for the steelmaking raw material and continued tightness in spot supply.

Sources said renewed strength in the spot prices for ferrous scrap in several key markets was one of the reasons behind the consistent increases of late. Traders had raised their offers continually throughout the week on firm demand from downstream steel mills.

Metal Bulletin’s assessment of import prices for United States-origin HMS 1&2 (80:20) into Taiwan was $290-300 per tonne cfr for...

Published

Paul Lim

November 03, 2017

07:24 GMT

Singapore