TAIWAN STEEL SCRAP: Spot prices stabilize after recent surge

Prices for containerized ferrous scrap imports into the key Taiwanese market have stabilized after the recent jump, 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 $413-415 per tonne on Friday April 9, widening downward by $2 per tonne from Thursday and increasing by $10-13 per tonne from $400-405 per tonne on April 1.

Buyers had increased...

Published

Paul Lim

April 09, 2021

09:17 GMT

Singapore