Taiwanese scrap import prices continue climbing as supply tightens

Taiwan’s prices for imports of containerized HMS-grade ferrous scrap continued on a bullish trend for the sixth consecutive week as tight supply and global price increases supported trading values.

Metal Bulletin’s price assessment for imports of USA-origin HMS 1&2 (80:20) into Taiwan was $305-315 per tonne cfr for the week ending Friday December 1. This is up $1-5 per tonne from the previous week. Negotiations for USA-origin HMS 1&2 (80:20) were within $305-315 per tonne cfr Taiwan. Offers of similar material from the United States were at $315-317 per tonne cfr Taiwan. “Supply remains tight as traders have not been offering...

Published

Paul Lim

December 01, 2017

08:23 GMT

Singapore