Containerized
HMS 1&2 (80:20) to Taiwan traded at $357-360/MT CFR during this week, up by
$2-5/MT CFR from last week. Deals for HMS 1&2 (80:20) were concluded last
week at $355/MT CFR Taiwan.
A
major steel manufacturer in Taiwan purchased a bulk cargo of around 30,000 MT
of HMS & shredded scrap with an average price of $383/MT CFR Taiwan (US
origin, to be delivered in November).
“Though
buying was limited during the week, offers are hovering at higher side. Few
mills have stopped dealing in anticipation of price fall in the upcoming month”,
said a market source.
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