TAIWAN STEEL SCRAP: Initial bullish sentiment tempered by lower offers

The bullish sentiment felt at the start of the week ended Friday October 16 was later tempered by lower offers for containerized ferrous scrap in the key Taiwanese import market, 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 $270 per tonne on Friday, unchanged from the previous day and up by $3-5 per tonne from $265-267 per tonne on October 9.

Negotiations for containerized cargoes of heavy melting scrap 1&2 (80:20) from the United States West Coast...

Published

Paul Lim

October 16, 2020

10:29 GMT

Singapore