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31 May

Taiwanese scrap prices diverge

Imported scrap prices in Taiwan have continued to firm up this week on the back of a pick-up in the global market, but domestic values have fallen on weak steel demand. Kallanish assessed HMS 1&2 80:20 container scrap at $365/tonne cfr Taiwan, up $2.5/t on-week. Offers for containerised US-origin HMS 1&2 80:20 scrap were raised to $375/t cfr Taiwan last week, and then fell back to $370/t cfr this week. US sellers are holding offers stable amid suppor…
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