• Buyers in Taiwan bid higher for containerized scrap
• Japan records more sales to South Korea at lower prices
• Market activity remains thin in China for imported HRS101 scrap.
Bids for containerized HMS 1&2 (80:20) were heard at $455-460 per tonne cfr Taiwan on Tuesday, against previous offers at $465 per tonne cfr Taiwan.
“So far [this week], deal activity has been low, because the offers from sellers are still rising,” a Taiwan-based scrap buyer told Fastmarkets.
Fastmarkets’ daily price assessment for containerized steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan, was $455-460 per tonne on November 30, up by $8-10 per tonne from $445-452 per tonne cfr Taiwan on Monday.