Scrap trading subdued in Taiwan amid tariff concerns, Turkish price drop
Published by:Tianran Zhao<>
17 Apr 2025 @ 10:42 UTC

Spot prices of containerized steel scrap imports into Taiwan were stable in the week to Thursday April 17 due to limited trading in the market amid lingering concerns over US tariffs. A continued drop in scrap buying price in the Turkish market has also led to bearish sentiment in Taiwan’s local steel market, sources told Fastmarkets.
Turkish steel mills purchased more deep-sea scrap cargoes at a significant discount this week on Wednesday, confirming a further drop in prices, sources added.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was calculated at $341.77 per tonne on Wednesday, down by $40.34 per tonne from $382.11 per tonne on April 9.
Recent US offers of heavy melting scrap No1 and No2 (80:20 mix) in containers stayed stable on Thursday at $310 per tonne CFR Taiwan, while bids were heard at $300 per tonne.
Trading of the material was subdued over the past week due to a gap between bids and offers and bearish sentiment in rebar market, according to sources.
Mills in Taiwan are starting to target $300 per tonne CFR or lower for US-origin containers now. They kept raw material purchases very cautious due to cloudy outlook of rebar prices, a Taiwanese mill source told Fastmarkets.
Fastmarkets’ twice-weekly price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $300-310 per tonne on Thursday, unchanged from Tuesday but down by $2-10 per tonne from $310-312 per tonne on April 8.
Japanese H1:H2 (50:50) offers dropped to $320 per tonne CFR Taiwan on Thursday, down by $10 per tonne from the offers of $330 per tonne heard earlier in the week. But bids were heard at just $310 per tonne CFR Taiwan on the day.