Scrap import prices edge up in Taiwan, but outlook cloudy

Import prices for containerized heavy melting scrap (HMS) in Taiwan have edged up further over the past week, though fears of a possible decline have emerged with the easing of a recent supply shortage coupled with China’s weakening ferrous markets.

Metal Bulletin’s price assessment for imports of United States-origin HMS 1&2 (80:20) into Taiwan was $350-360 per tonne cfr for the week ended Friday January 12, widening upward by $5 per tonne from a week earlier. Sellers raised their offers to $360 per tonne cfr this week, from $355-360 per tonne cfr last week, taking advantage of what some consider to be the last window of opportunity before a possible price downtrend sets...

Published

Paul Lim

January 12, 2018

08:59 GMT

Singapore