Scrap import prices in Taiwan up on US tariff fears, tight supply

摘要

Import prices for containerized heavy melting scrap (HMS) in Taiwan increased further this week on expectations of the United States' Section 232 steel import tariffs resulting in lower supply of the steelmaking raw material.There was also some tightness in supply in the spot market because traders and US suppliers withheld cargoes in anticipation of higher prices in the coming weeks.