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

Published: May 21, 2015 18:09

Save

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.

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.

For Live Chinese Scrap Prices Log on to Scrap Register

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)

imports price HMS imports price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 mins ago

[SMM Tin Bulletin: Sinnet: As of now, the company has put into operation more than 82,000 cabinets, with a rack utilization rate of approximately 60%]

Regarding the question of “how many cabinets the company is expected to launch this year,” Sinnet stated on the interactive platform on March 23 that, as of now, the company had put into operation more than 82,000 cabinets, with a rack utilization rate of approximately 60%. In 2026, the company will continue to advance the construction of its data centers under development in an orderly manner, ensure the on-schedule delivery of orders on hand, and further improve the rack utilization rate of the cabinets already put into operation.

3 mins ago

1 hour ago

The Most-Traded SHFE Tin Contract Rebounded Amid Volatility After Opening Sharply Higher in the Night Session, and the Spot Market Will Gradually Cool Down [SMM Tin Morning Brief]

[SMM Tin Morning Briefing: The Most-Traded SHFE Tin Contract Opened Sharply Higher in the Night Session and Then Rebounded in Volatile Trading, While the Spot Market Will Gradually Cool Down]

1 hour ago

17 hours ago

Tin Prices Declined Under Macro Pressure, Stimulating Transactions, While Destocking of Visible Inventory May Provide Support [SMM Tin Brief Review]

[SMM Tin Market Brief: Under Macro Pressure, Falling Tin Prices Stimulated Transactions, and Visible Inventory Drawdowns May Provide Support]

17 hours ago