TAIWAN STEEL SCRAP: Large spreads with bulks, pre-winter restocking could mean more price increases, sources say

The exceedingly wide spread with bulk scrap cargoes and upcoming winter months could mean more price increases for containerized scrap cargoes in key import market Taiwan, industry sources told Fastmarkets on Friday October 22.

Bulk Japanese H1&H2 (50:50) cargoes were offered at $545-560 per tonne cfr Taiwan this week, against bids at $530-535 per tonne cfr Taiwan.
This is a spread of about $60 per tonne against the latest transactions of $485-488 per tonne cfr Taiwan on Thursday, compared with a typical spread of $20-30 per tonne that is commonly seen between containerized and bulk scrap prices.

Taiwanese buyers have continued to pay higher prices this...

Published

Paul Lim

October 22, 2021

09:40 GMT

Singapore