TAIWAN STEEL SCRAP: Buying focus shifts toward Japanese scrap

Taiwanese steel mills have shifted their buying focus toward bulk Japanese H1&H2 (50:50) scrap in light of the shortage of containerized heavy-melting scrap (HMS) 1&2 (80:20) from the United States West Coast.

Bids increased to $465-468 per tonne cfr Taiwan on Friday September 3, up from $460-465 per tonne cfr Taiwan mid-week.

There was a transaction concluded at $465 per tonne cfr...

Published

Paul Lim

September 03, 2021

11:08 GMT

Singapore