TAIWAN July 30 2015 3:35 PM

TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 plummeted further by $15 a ton to $175 a ton CFR Taiwan port in the week ended July 17, as per the latest figures from The Steel Index.

According to TSI, the price fall the week has been motivated by continued poor domestic demand for finished long products and a significant drop in domestic scrap prices. 

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In a departure from a trend seen in previous weeks, however, Chinese billet has been far less active in the Taiwanese market. 

It seems many mills believe that the price for the semi-finished material should be lower considering the prices Chinese mills are offering their finished products at to other parts of Asia.

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