Taiwan buyers bid lower for containerized steel scrap on weak demand

Spot prices for imported containerized ferrous scrap in Taiwan weakened slightly on Thursday May 19. Buyers have continued to submit lower bids for material due to the weak demand for scrap, according to market sources.

Transactions for United States-origin containerized cargoes were heard concluded at $437 per tonne cfr Taiwan on Thursday.

Bids for containerized HMS 1&2 (80:20) were heard at $430-435 per tonne cfr...

Published

Tianran Zhao

May 19, 2022

11:35 GMT

Shanghai