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US scrap price to Taiwan soars


It is reported that global scrap price continues to soar. US 80:20 container scrap price to Taiwan has been quoted at C&F USD 375 per tonne last week and the final price is settled at around C&F USD 372 to USD 373 per tonne.

The report added that as for Japan H2 scrap, the price to Taiwan has hiked to C&F USD 390 to USD 395 per tonne and the Hong Kong's bulk scrap price has also raised to C&F USD 385 to USD 390 per tonne.

According to market participants, Taiwan's China Steel Corp held a bid for scrap but the price is too low to be accepted by suppliers.

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