TAIWAN STEEL SCRAP: Prices rise on restocking needs

Spot prices for imported containerized ferrous scrap in Taiwan continued to climb this week amid rising restocking demand, sources told Fastmarkets on Friday September 24.

Fastmarkets’ daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $463 per tonne on Friday September 24, narrowing upward by $1 per tonne from Thursday, but up by $3 per tonne from $460 per tonne on September 17.

Taiwanese buyers have procured containerized heavy melting scrap (HMS) 1&2 (80:20) at increasingly higher prices this week....

Published

Paul Lim

September 24, 2021

09:58 GMT

Singapore