TAIWAN STEEL SCRAP: Prices correctly sharply downward on weaker sentiment

Taiwanese scrap import prices started to soften this week following the emergence of lower offers and weaker sentiment in the region, markets sources told Fastmarkets.

Fastmarkets’ daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $430-431 per tonne on Friday January 15, down by $9 per tonne from a day earlier and down by $18-19 per tonne from $448-450 per tonne on January 8.

Negotiation levels in Taiwan had eased at the start of the week, falling to $445-450 per tonne on Monday from $448-450...

Published

Paul Lim

January 15, 2021

10:20 GMT

Singapore