TAIWAN SCRAP: Price fluctuations cause unclear outlook

Prices fluctuations for heavy melting scrap (HMS) imports in Taiwan have caused an unclear price outlook in the near term.

Market participants from major supplier Japan had just returned from a holiday on Thursday May 7 and buyers were waiting for clearer price trends for Japanese cargoes.
"Taiwan had increased the purchases for Japanese materials in the past few weeks because of limited supply from the United States' West Coast," a Taiwanese trader told Fastmarkets on Friday.

Transactions for containerized cargoes of HMS 1&2 (80:20) from the US West Coast...

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