TAIWAN STEEL SCRAP: Electricity rationing fails to dampen spot prices [CORRECTED]

Prices for containerized ferrous scrap imports into the key Taiwanese market continued to rise this week amid stable demand from end users, who are seeking United States-origin scrap amid high offers for Japanese materials.

Fastmarkets’ daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $430 per tonne on Friday April 16, unchanged from Thursday and increasing by $15-17 per tonne from $413-415 per tonne on April 9.
Buyers increased their bids to $425 per tonne cfr Taiwan this week, up by $5-15 per tonne from $410-420 per tonne cfr Taiwan last week.

Sellers raised their offers to $430 per tonne cfr Taiwan...

Published

Paul Lim

April 16, 2021

10:26 GMT

Singapore