Taiwan's scrap import prices rise further amid restricted supply

Taiwan’s import prices for containerized heavy melting scrap (HMS) continued to rise over the past week with supply still restricted and the markets for downstream products displaying signs of strengthening.

Metal Bulletin’s price assessment for imports of United States-origin HMS 1&2 (80:20) into Taiwan was $325-330 per tonne cfr for the week ending Friday December 8. This is up $5-7 per tonne from last week and marks an eighth week of increases.
Negotiations for US-origin HMS 1&2 (80:20) mostly took place within the assessed range, with offers heard at $330-335 per tonne cfr Taiwan.

“There has been no sign of...

Published

Paul Lim

December 15, 2017

09:11 GMT

Singapore