Scrap export tags to Taiwan dip again

Jul 31, 2014 | 04:19 PM | Sean Davidson

Tags  scrap, ferrous, exports, HMS, heavy melt, Taiwan, South Korea, Indonesia Malaysia

NEW YORK — Export prices for containerized ferrous scrap to Taiwan slipped for the sixth successive week as mill interest remained bleak.

Holidays in Indonesia and Malaysia also prompted a drop in overall U.S. containerized scrap export volumes into East Asia this week as pockets of demand were reported from some buyers in Vietnam and Thailand, according to market participants.

A handful of transactions of an 80/20 mix of containerized No. 1 and No. 2 heavy melt steel scrap was reported into Taiwan in a price range of $343 to $347 per tonne c.f.r., down $3 per tonne from a week ago.....

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