Taiwanese steelmakers return to spot market after brief absence

Taiwanese buyers of imported containerized ferrous scrap from the United States have returned to the spot market after a brief absence last week to wait out price falls.

Fastmarkets’ daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20 mix), US material import, cfr main port Taiwan was $445-452 per tonne on Friday November 19, unchanged from Thursday and down by $3-10 per tonne from $455 per tonne a week earlier.

A major Taiwanese...

Published

Paul Lim

November 19, 2021

09:50 GMT

Singapore