TAIWAN STEEL SCRAP: Prices continue downtrend on Covid-19 resurgence in Asia

Prices for containerized ferrous scrap in the Taiwan import market continued to fall during the week to Friday July 23 due to a resurgence of Covid-19 cases in many parts of Asia causing more lockdowns, 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 $450 per tonne on Friday, unchanged from the previous day and down by $10 week on week from $460 per tonne.
Transactions were concluded at increasingly lower prices throughout the week, sources said.

Containerized HMS 1&2 (80:20) from the United States were sold at $452-453 per tonne cfr Taiwan on Monday and Tuesday and more materials were sold at...

Published

Paul Lim

July 23, 2021

08:45 GMT

Singapore