Optimistic sentiment in the Taiwanese ferrous scrap import market has led to limited offers for cargoes and continued increases over the week to Friday December 4, sources said.
Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $330 per tonne on Friday December 4, narrowing upward by $5 per tonne day on day and increasing by $10-13 per tonne from $317-320 per tonne on November 27 and 25% from $265 per tonne on October 7.There were limited negotiations at the start of the trading week because market participants were still observing market activity after...