December 02, 2008

Taiwanese scrap prices jump

Stimulated by price increments for US scrap, Japanese scrap price has been raised four times in 10 days. The total increase is around JPY 4,500 to JPY 5,000 per tonne.

Consequently Taiwan’s import price of scrap has continuously raised as well. Import price for Japan H2 scrap is priced as high as C&F USD 660 per tonne.

Taiwan local scrap price has also increased by around TWD 400 per tonne last week. Current selling price is about TWD 17600 to TWD 18600 per tonne. It is also expected that the scrap price will reach TWD 19,000 per tonne soon, due to low inventories.

(Sourced from YIEH.com)