TAIWAN STEEL SCRAP: Sellers abstain from offers amid continued bullish sentiment

Sellers of imported containerized scrap from the United States West Coast to Taiwan abstained from offering material over the past week because of continued bullish sentiment in the spot market.

Fastmarkets’ daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $262-265  per tonne on Friday August 21, unchanged from a day earlier but up by $5-6 per tonne from $257-259 per tonne cfr Taiwan on August 14.

Offers for containerized cargoes of heavy melting scrap 1&2 (80:20) from the US West Coast were sparse. Sellers said they expect to...


Paul Lim

August 21, 2020

09:01 GMT