TAIWAN STEEL SCRAP: Prices fall on weaker demand, bearish sellers

Import prices for containerized ferrous scrap in the key Taiwanese market fell in the past week on increasingly bearish sentiment brought about by falling prices in Turkey and limited buying interest.

Fastmarkets’ daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $272-275 per tonne on Friday September 25, widening downward by $3 per tonne from Thursday and down by $5-8 per tonne from $280 per tonne on September 18.

Containerized cargoes of heavy melting scrap 1&2 (80:20) from the United States West Coast were offered at $278-283 per tonne cfr...

Published

Paul Lim

September 25, 2020

09:32 GMT

Singapore