TAIWAN STEEL SCRAP: Buyers wait in vain for lower prices

Taiwanese buyers of ferrous scrap imports who held out for cheaper cargoes in the past week ended up being faced with higher prices.

"Many buyers felt that prices had peaked previously and were waiting for them to fall. But it later turned out that prices in Turkey increased further," a Taiwanese buyer source told Fastmarkets on Thursday September 3.
Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $270-273 per tonne on Friday September 4, unchanged from a day earlier but widening upward by $3 per tonne from $270 per tonne cfr Taiwan on August 28.

Containerized...

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