TAIWAN STEEL SCRAP: Prices rise further on limited supply, optimism

Import prices for containerized heavy melting scrap in Taiwan have increased this week, particular in the later half, with traders withholding offers amid growing optimism about trends in the spot market.

Fastmarkets’ daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $465-470 per tonne on Friday October 8, up by $3-7 per tonne from Thursday.
Prices are also $5-10 per tonne higher than October 1’s $460 per tonne.
Market participants reported transactions being done mostly at $462-463 per tonne cfr Taiwan on Tuesday and Wednesday.

They said spot prices had increased to...

Published

Paul Lim

October 08, 2021

09:36 GMT

Singapore