TAIWAN STEEL SCRAP: Traders withhold offers amid price uptrend

Spot prices for imported containerized steel scrap into Taiwan continued on an upward trend this week amid strong demand and limited supply.

Fastmarkets’ daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $475-477 per tonne on Friday October 15, unchanged from Thursday and up by $7-10 per tonne from $465-470 per tonne cfr Taiwan a week earlier.

Traders have been withholding offers for containerized heavy melting scrap (HMS) 1&2 (80:20) into Taiwan in anticipation of more price increases, supported by a surge in Turkish...

Published

Paul Lim

October 15, 2021

09:11 GMT

Singapore