TAIWAN STEEL SCRAP: Prices drop amid weaker sentiment, lower prices in Turkey

Prices for containerized ferrous scrap in the Taiwan import market edged lower during the week to Friday July 16 on weaker sentiment from end users, sources told Fastmarkets.

Fastmarkets’ daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20), United States material import, cfr main port Taiwan was $460 per tonne on Friday, narrowing downward by $2 from $460-462 per tonne the previous day and by $7-8 week on week from $467-468 per tonne.

Sellers maintained offers for United States’ West Coast-origin material at $470-475 per tonne cfr Taiwan at the start of the week, and were aiming to keep spot prices at the latest transaction...


Paul Lim

July 16, 2021

10:36 GMT