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US –Taiwan HMS 1&2 price fluctuations

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by - 10/5/2012 5836 Views

Reports revealed that ferrous scrap prices to Taiwan will be soar by $2 to $5/MT from last week..

Reports revealed that ferrous scrap prices to Taiwan will be soar by $2 to $5/MT from last week.. South Korean and Southeast Asian buyers increased their buying activities made US ferrous scrap suppliers to raise their selling rates amid the low bidding prices last week from Taiwan buyers.HMS 1&2
Last week transaction prices of the US container HMS 80:20 (1&2) were at $355/MT CFR Taiwan. However it is raised to US$365/ton C&F this week. At present, South Korean steelmakers and Vietnamese buyers purchased prices of US container HMS 80:20 (1&2) are at US$360/ton C&F and US$370~US$375/ton C&F respectively. 

As a result of this, it is predicted that US suppliers will raise their quotes around $5 to reach US$365/ton C&F. moreover one buying of bulk cargo of around 30,000 MT of HMS & shredded scrap from US origin is being heard closed at $383/MT CFR Taiwan to be delivered in November.  According to a market source, “Though buying interest is limited, suppliers are unwilling to correct their prices”. 

Category : Metal

Tags : Scrap metal price, HMS 1&2 price , Shredded Scarp


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I have been with recycleinme.com for the past four years and enjoy working as the Administrator of the Scrap Prices section.  I am graduated as Master of Business Administration in Human resource management. Why I have chosen this course is because I’m very much fond of Business Administrati .... more info

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