TAIWAN STEEL SCRAP: Buyers stay away on sharply correcting prices

Taiwanese scrap buyers have stayed away from the import markets on sharply correcting prices during the week to Friday January 22, 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 $400-405 per tonne on Friday, down $5 per tonne from a day earlier and down by $26-30 per tonne from $430-431 per tonne on January 15.

Prices corrected sharply on Monday, with traders attempting to offload cargoes...

Published

Paul Lim

January 22, 2021

11:02 GMT

Singapore