TAIWAN STEEL SCRAP: Stable demand continues to push prices higher

Strong demand for containerized ferrous scrap into the key import market of Taiwan has continued to push prices higher, sources told Fastmarkets during the week to Friday March 5.

Fastmarkets’ daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $433-440 per tonne on Friday, unchanged from Thursday, but up by $8-10 per tonne from $425-430 per tonne a week ago.
Transactions for containerized ferrous scrap were made at higher prices, increasing to $430-435 per tonne cfr Taiwan on Tuesday. There were transactions heard concluded at $430, $433 and $435 per tonne cfr Taiwan by major buyers by Thursday.

Prices increased further by late...

Published

Paul Lim

March 05, 2021

10:28 GMT

Singapore