ASIA STEEL SCRAP DIGEST: US vessel congestion cuts scrap supply to Taiwan

Import prices for containerized ferrous scrap in Taiwan were supported by limited supply due to vessel congestion and high demand amid restocking activity from buyers, sources said on Tuesday September 28.

  • Taiwan import containerized scrap prices rise on restocking needs
  • Vessel congestion remains high off Los Angeles/Long Beach ports
  • Japanese sellers offer heavy scrap at higher prices to China
Taiwan
Spot prices for imported containerized ferrous scrap into Taiwan inched up on Tuesday September 28 amid increasing demand for restocking with mills planning to increase production in October after Taiwan's summertime electricity rationing ends.

“The electricity rationing during summertime is coming to an end and mills are expected to produce at full capacity from next month. We would expect the scrap prices to...

Published

Tianran Zhao

September 28, 2021

12:46 GMT

Shanghai