Containerized scrap buyers in Taiwan maintained their bids for the material on Thursday September 2 after deals to South Korea were concluded at lower prices this week, sources said.
Lower cfr South Korea deals weigh on Taiwan pricesProduction cuts pose uncertainties to scrap demand in ChinaTaiwan
Taiwanese buyers maintained bids at $445 per tonne cfr today, reluctant to increase them further after news of lower spot price transactions done on a cfr Korea basis this week.
A major buyer purchased containerized HMS 1&2 (80:20) at $445 per tonne cfr Taiwan this week, while another major buyer maintained its bid at $445 per tonne cfr Taiwan.
Market sources...