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Amendment to frequency of Fastmarkets’ Taiwan import steel scrap price assessment

After a 30-day consultation, Fastmarkets has amended the frequency of its price assessment for Taiwan import steel scrap to twice weekly from daily.

June 15, 2023
By Tianran Zhao
Pricing notice

The proposal was published on May 10 and the consultation ended on Monday June 12, with no feedback received.

The amended price specification is as follows:

MB-STE-0464 – Steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan, $/tonne
Quality: Heavy melting scrap (HMS) 1&2 (80:20)
Quantity: Minimum 200 tonnes (containerized)
Location: CFR Taiwan main port
Timing: Up to three months
Unit: US$/tonne
Payment terms: LC, bank transfer
Publication: Twice-weekly, Tuesday and Thursday, 5-6pm Singapore time

The first assessment under the new frequency was published on Thursday June 15 and it will be published twice weekly thereafter.

To provide feedback on this price assessment, or if you would like to provide price information by becoming a data submitter to this price, please contact Tianran Zhao by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Tianran Zhao re: Taiwan import scrap price.”

To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology.

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