Taiwanese containerized scrap import prices remain stable at $223 a ton

TAIWAN May 21 2015 2:49 PM

TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 remained stable at $223 a ton CFR Taiwan port during last week, as per the latest figures from The Steel Index.

There is currently a significant disparity between bid and offer prices as buyers are unwilling to transact at levels above $230 a ton.

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Despite orders for finished long products, prices for domestic scrap and finished steel continues to fall.

Starting in June, mills will begin to cut down production and inevitably demand for scrap will fall.

With this being the case, mills are in no hurry to buy and market sentiment remains depressed.

(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)