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Asia steel scrap price spotlight

Casting light on Asia steel scrap markets with our free weekly service, giving you access to the latest Fastmarkets steel scrap prices and market analysis.

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Due to changes in our business processes, we will be retiring this weekly newsletter on December 06, 2021. But don’t worry, you can still access this valuable market insight in 2022 through the Fastmarkets platform

If you’re not a current client, you can always access our free steel and scrap market content here, or contact us today to access more of our prices and our in-depth market analysis. You are also welcome to request a trial to experience our wide range of price data and market news on our Fastmarkets platform.  

Asia steel scrap prices 

Asia steel scrap price table - HMS 1 and 2 Taiwan Vietnam, Bangladesh Japan South Korea

Asia ferrous scrap price trends

Steel scrap Taiwan cfr HMS 1&2 (80:20) US origin, containerized, $/tonne (MB-STE-0464)

Asia steel scrap price chart - Taiwan import HMS 1and2 cfr

Steel scrap Vietnam cfr HMS 1&2 (80:20) deep sea bulk, $/tonne (MB-STE-0783)

Asia steel scrap price Vietnam import hms 1and2 cfr

Market statistics 

Additional information

Our global steel price coverage

We price metal markets across an extensive range of steel, scrap and raw material products used by companies actively buying, selling and trading across the global supply chain. 

You can view lists of the steel, stainless steel, scrap and raw materials prices we cover by clicking on the links below:

About our prices

Why trust Fastmarkets’ steel scrap prices? 

Since the beginning of 2020, Fastmarkets has rapidly expanded its coverage of Asia steel scrap markets.  

It has launched new steel scrap prices for key markets such as Bangladesh, Japan and South Korea to complement established benchmark prices for the Taiwan, Vietnam, India and China markets to give Fastmarkets subscribers a complete picture of Asian scrap markets. 

Fastmarkets has published metal price benchmarks since 1882 and continues to provide comprehensive, transparent and market-reflective prices aligned with IOSCO principles each and every day.  

Our trusted ferrous scrap prices are used in contracts, as references in negotiations or as the basis for exchange-linked derivatives in Asia, Europe and the US.  

Fastmarkets’ adherence to IOSCO principles ensures that our price assessments are standardized and impartial, with accountability measures built in and confirmed by independent, external auditors. Every price reporter working for Fastmarkets has completed full training on compliance and pricing to IOSCO standards.  

This means that you, your business and the rest of the global ferrous scrap supply chain can have complete confidence in our prices. 

We are constantly looking at ways to improve our pricing mechanisms to reflect the changing demands of physical markets. Constant engagement with all aspects of the supply chain make this possible. We will continue to evolve our steel scrap pricing mechanisms in line with industry standards and will continue to work with the market to provide credible and transparent pricing tools. 

Terms and conditions

Meet our price reporters