Electricity rationing in Taiwan pushes down scrap demand

Spot prices for imported containerized ferrous scrap in Taiwan dropped slightly on Tuesday May 24 due to sparse buying activity, and demand for scrap in Taiwan is expected to be weak during the country's electricity-rationing season in summer, sources said.

The latest deals for United States-origin containerized scrap were heard concluded as low as at $430 per tonne cfr Taiwan late last week, sources said.

Bids for US-origin containerized heavy...

Published

Tianran Zhao

May 24, 2022

10:52 GMT

Shanghai