TAIWAN STEEL SCRAP: Prices retreat amid billet diversions, China production cuts

Spot prices for containerized steel scrap into key import market Taiwan started retreating from historical highs this week amid lower demand for steel billet and falling prices in Turkey.

Fastmarkets’ daily price assessment for containerized steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan, was $480 per tonne on Friday October 29, unchanged from Thursday but down by $5-8 per tonne from $485-488 a week earlier.

Transactions had been concluded at increasing levels in the first half of the week, rising to $485-490 per tonne cfr Taiwan, before falling to...

Published

Paul Lim

October 29, 2021

10:26 GMT

Singapore