Taiwanese Containerized Scrap import prices plummet by $21.50 a ton during October

Published: Nov 27, 2015 08:56

Save

The monthly average of Taiwanese imports of HMS #1&2 80:20 fell by $21.50 a ton during October, as per the latest figures from the Steel Index.

TAIWAN November 26 2015 3:41 PM

TAIPEI (Scrap Register): The monthly average of Taiwanese imports of HMS #1&2 80:20 fell by $21.50 a ton during October, as per the latest figures from the Steel Index.

Taiwanese steel mills continued to suffer from tepid domestic finished steel demand, whilst yard offers declined in line with international benchmark levels.

The monthly average of TSI’s index for Taiwanese imports of HMS #1&2 80:20 fell by 13.3% month-on-month to $140.25 a ton CFR Taiwanese port in October.

The majority of scrap procured was once again nonISRI grade material from Japan. Offers from US west coast yards were deemed too expensive, and so mills once again focused their efforts on re-rolling billets and melting lower quality scrap.

The monthly average of TSI’s index for North Asian HMS #1 scrap imports fell US$17.50/t to US$175.75/ tonne CFR in October. This index is under development.

scrap imports scrap steel

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

China's Copper Ore Imports Down 11.97% MoM, Up 5.84% YoY in February 2026

General Administration of Customs: In February 2026, China imported 2.31 million dmt of copper ore and concentrate, a decrease of 11.97% month-on-month and an increase of 5.84% year-on-year. The cumulative imports in January-February increased by 4.9%.

1 hour ago

China's Jan 2026 Copper Ore Imports Down 2.96% MoM, Up 3.72% YoY

General Administration of Customs: In January 2026, China imported 2.624 million dmt of copper ores and concentrates, a decrease of 2.96% month-on-month and an increase of 3.72% year-on-year.

1 hour ago

As Delivery Approaches, the Price Spread Between Futures Contracts Widens; SHFE Copper Spot Premiums Shift from a Discount to Flat [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] As the delivery period approaches, spot discounts for SHFE copper are expected to continue narrowing steadily. From the perspective of market structure, the inter-month contango price spread between futures contracts has widened, significantly strengthening suppliers’ willingness to ship to delivery warehouses. In particular, inventory in Jiangsu is mainly in the form of warrants, and suppliers tend to opt for delivery rather than spot sales, resulting in persistently tight availability of deliverable spot cargo. In addition, spot premiums quotes in Jiangsu are slightly higher than those in Shanghai. Against this backdrop, suppliers showed a strong willingness to hold prices firm intraday, and quotes in the second session were raised slightly, making procurement more difficult for some downstream enterprises. Looking ahead to tomorrow, under delivery-driven dynamics, spot premiums in Shanghai are expected to remain at current levels.

1 hour ago