TAIWAN SCRAP: Prices start to soften on weaker demand

Demand for heavy melting scrap (HMS) imports in Taiwan softened this week, with Taiwanese buyers cutting down on purchases after stocking up in the past few weeks.

Transactions for containerized cargoes of HMS 1&2 (80:20) from the United States West Coast were being concluded at increasingly lower prices throughout the week.
They went from $224 per tonne cfr and $225 per tonne cfr in the first two days of the week to around $223 per tonne cfr by mid-week.

Cargoes from the US West Coast were offered at...

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