Taiwanese containerized scrap import prices decline further to below $200 a ton

TAIWAN July 16 2015 3:30 PM

TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 declined further by $10 a ton to $190 a ton CFR Taiwan port in the week ended July 10, as per the latest figures from The Steel Index.

According to TSI, index for containerized Taiwanese imports of HMS #1&2 80:20 fell $10 a ton the week to $190 a ton CFR Taiwanese port.

ISRI grade scrap suppliers have been forced to lower their selling prices into Taiwan in order to gain some sort of parity with the price of Chineseorigin billet.

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Trade quietened down towards the end of the week due to the threat of extreme weather hitting the country.

Mills are expected to continue bidding at price levels concluded at the end of this week once they return to the market next week.