Taiwan's import prices for containers of steel scrap were expected to continue to rise because of a huge premium for bulk import prices over material arriving in containers, market sources told Fastmarkets on Wednesday October 20.
?EUR?Taiwanese buyers continue to book containerized cargoes
?EUR?Chinese market muted by wide bid-offer gaps
?EUR?China's ferrous scrap import volumes down by 49% month on month in September.
Taiwan
Key market participants in the Taiwanese import market have confirmed transactions made at $482-485 per tonne cfr on Wednesday.
Sellers remained bullish, and were not offering many cargoes to hedge against further possible price increases.
"Sellers are offering only limited quantities at almost $490 per tonne cfr Taiwan, and are not willing to reduce their offers," a Taiwanese trader told Fastmarkets on Wednesday.
Offers were...