TAIWAN SCRAP: Prices climb up on supply squeeze

Prices for heavy melting scrap (HMS) imports in Taiwan rose over the week to Friday May 29 due to an ongoing supply deficit, sources said.

Fastmarkets’ daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $233-234 per tonne on Friday, up by $5 per tonne from a day earlier and $2-3 per tonne higher than $230-232 per tonne cfr on May 22.

Transactions for containerized cargoes of HMS 1&2 (80:20) from...

Published

Lee Ken Kiat

May 29, 2020

10:00 GMT

Singapore