Spot prices for imported containerized ferrous scrap in Taiwan weakened on Tuesday June 14 after Turkish steelmakers booked more deep-sea scrap cargoes at softer prices, sources told Fastmarkets.
Spot prices for imported containerized ferrous scrap in Taiwan were steady on Wednesday May 18 with many market participants saying that they expected the import price to reach a market bottom soon.
Indian and Pakistani steel scrap importers have used weaker domestic steel markets and lower scrap prices into key world buyer Turkey from the West to pull down their respective markets in the week to Friday May 6, trade sources told Fastmarkets.
Spot steel scrap prices in Taiwan plunged in the week to Friday April 29, with sellers rushing to sell cargoes amid overwhelmingly bearish market sentiment, sources told Fastmarkets.
Spot steel scrap prices in Taiwan continued to move downward during the week to Friday April 22 amid overwhelmingly bearish market sentiment, according to sources.