Taiwan sees increased trades for imported scrap amid warming sentiment

Spot prices for imported containerized ferrous scrap in Taiwan were on a upward trend in the week to Friday January 14 amid warming sentiment caused by increased demand from South Korea and Vietnam.

Fastmarkets’ daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20 mix), United States material import, cfr main port Taiwan was $438-440 per tonne on Friday, unchanged day on day, but narrowing upward by $6 per tonne from $432-440 per tonne a week earlier.

A major electric-arc furnace operator in Taiwan kept its purchase price for local scrap but dropped its domestic selling price for rebar by NT$400 ($14.45)...

Published

Paul Lim

January 14, 2022

10:00 GMT

Singapore