TAIWAN STEEL SCRAP: Price rebound begins amid limited Japanese supply

A price rebound for imported containerized ferrous scrap into Taiwan started during the week to Friday March 26 amid a lack of offers for both United States- and Japan-origin cargoes, sources told Fastmarkets.

Fastmarkets’ daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $395-400 per tonne on Friday, up by $8-10 from $387-390 per tonne on Thursday, and up by $5 per tonne from $390-395 per tonne a week ago.
Prices have started to rebound, some sources said, while others said prices had bottomed and were unlikely to fall any further.

“Because there is a lack of Japanese supply, buyers have turned to US material instead,” a...

Published

Paul Lim

March 26, 2021

10:28 GMT

Singapore