The price of imported scrap in East Asia due to the mid-autumn holiday  was a quiet week, with the average price in Taiwan at $363 to $373 per ton CFR. Heavy scrap of 20-80 containers dropped by $369 per ton of CFR.
The latest bid prices up to $375 per tonne of CFR have been noticed and market participants believe future price trends are not clear.
Vietnam and Taiwan are looking forward to a week of Chinese holidays to see weather they can purchase.
In South Korea, Posco put the purchase price of Japan’s Class 2 heavy scrap at $392 per tonne CFR, which was up a bit, but Japanese suppliers are still looking for higher prices.