Taiwanese scrap import prices end 4-week rise on weakening demand

Import prices for containerized heavy melting scrap (HMS) in Taiwan dropped this week on poor demand from end users.

Metal Bulletin’s price assessment for Taiwanese imports of HMS 1&2 (80:20) from the United States was $355-360 per tonne cfr on Friday March 23, down $10-13 per tonne from a week earlier.

The dip marks the end of a four-week upturn, which started on February 9 on bullish sentiment caused...


Paul Lim

March 23, 2018

11:51 GMT