TAIWAN SCRAP: Prices may have peaked - sources

Prices for heavy melting scrap (HMS) imports in Taiwan have risen only slowly over the past seven days and may have peaked, sources said in the week to Friday May 22.

Fastmarkets’ daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan, was $230-232 per tonne cfr on Friday, unchanged from Thursday May 21 having widened at the high end by $2 per tonne from May 15's single-figure $230 per tonne cfr.

Transactions for containerized cargoes of HMS 1&2 (80:20) from the United States West Coast were concluded...

Published

Paul Lim

May 22, 2020

10:14 GMT

Singapore