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Taiwan's Ferrous Scrap imports up marginally in January

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TAIPEI (Scrap Register): Taiwan shipped in 237,206 tonnes of ferrous scrap in January, 0.5% higher than in the previous month and up 11% year-on-year, according to data released by the finance ministry.

The US remained Taiwan's largest supply source in January with 120,018 tonnes, accounting for 51% of total imports. Imports from the US were 10% higher than in December, the data showed.

Hong Kong was in second place, with 13,205 mt or 6% of Taiwan's total imports in January. Taiwanese buyers said Hong Kong scrap is not as preferred as US scrap because of quality differences.

Taiwan imported 12,099 tonnes of scrap from Japan in January, accounting for 5% of total imports. The volume had fallen 51% from December, partly because of stronger domestic demand from Japan's Olympics construction, as well as higher prices from South Korea pulling Japanese scrap away from Taiwan, market sources said.

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