Export prices for container scrap to Taiwan slip

Jun 27, 2014 | 01:00 PM | Sean Davidson

Tags  scrap, ferrous scrap, scrap exports, HMS, heavy melt, rebar, Taiwan, South Korea Thailand

NEW YORK — Export prices for containerized ferrous scrap to Taiwan slipped this past week as mill demand receded following four weeks of gains.

Market participants reported container sales of an 80/20 mix of No. 1 and No. 2 heavy melt in a range of $356 to $360 per tonne c.f.r. Taiwan, down from $359 to $362 per tonne a week earlier.

A drop in order books for reinforcing bar resulted in weaker interest in scrap from mill buyers, who now expect demand to come from such countries as Thailand, Malaysia and Vietnam.....

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