Taiwan's scrap prices continue downward trend

Spot prices for imported containerized ferrous scrap in Taiwan continued to trend down in the week to Friday December 31 amid weak demand caused by the year-end lull.

Fastmarkets’ daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20 mix), US material import, cfr main port Taiwan was $440-442 per tonne on Friday December 31, unchanged from a day earlier but falling by $2-3 per tonne from $442-445 per tonne a week earlier.

A major electric-arc furnace operator on the...

Published

Paul Lim

December 31, 2021

09:31 GMT

Singapore