The recent price plunge for imported containerized ferrous scrap into Taiwan started to ease this week amid increasing seller resistance to slash offers further, sources told Fastmarkets during the week to Friday March 19.
Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $390-395 per tonne on Friday, down by $5 per tonne from Thursday and down by $25 per tonne from $415-420 per tonne a week ago.