Taiwanese buyers secure lower-priced steel scrap cargoes

Steel scrap buyers in Taiwan were bearish about the containerized scrap market, expecting to book cargoes at lower prices in the short term, market sources told Fastmarkets on Wednesday November 3.

Taiwan secures lower-priced cargoesVietnam reports lower offersChina prices continue downtrend amid bearish sentiment in local marketTaiwan
Taiwanese buyers have secured containerized heavy melting scrap (HMS) 1&2 (80:20) from the United States at $475 per tonne cfr Taiwan, falling from $475-480 per tonne cfr Taiwan on Tuesday.
Buyers have started to bid lower at $470-475 per tonne cfr Taiwan, expecting to be able to secure these materials very soon.

"There hasn't been anything concluded below $475 per tonne cfr Taiwan so far, but no one knows...

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