TAIWAN STEEL SCRAP: Port congestion in California restricts scrap exports

Growing congestion at southern California ports is disrupting loading and unloading activities, thereby restricting ferrous scrap shipments to Taiwan and further boosting prices, sources told Fastmarkets this week.

Fastmarkets’ daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $460 per tonne on Friday September 17, unchanged from Thursday but up by $7-8 per tonne from $452-453 per tonne on September 10.
Transactions were confirmed at increasingly higher prices of $455, $458 and $460 per tonne cfr Taiwan.
Offers came in at $460-465 per tonne cfr Taiwan.

“Offers are limited, [but] I...

Published

Paul Lim

September 17, 2021

09:38 GMT

Singapore