TAIWAN STEEL SCRAP: Prices fall further on reduced demand, mill maintenance

Weaker demand for imported containerized ferrous scrap in Taiwan as a result of lower operating rates among electric-arc furnace operators and surging Covid-19 cases in many parts of Asia dampened spot prices in the week to Friday July 30.

Fastmarkets' daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20), United States material import, cfr main port Taiwan was $440 per tonne on Friday, unchanged from a day earlier and down by $10 per tonne from $450 per tonne a week earlier.
Transactions were concluded at increasingly lower prices throughout the week, sources said.

Containerized shipments of heavy melting scrap 1&2 (80:20) from the United States were sold at $445 per tonne cfr Taiwan on Tuesday. The next day, transaction prices gradually fell...

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