TAIWAN August 11 2015 4:04 PM
TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 edged up to $172 a ton in the week ended July 31, as per the latest figures from The Steel Index.
According to TSI, index for containerized Taiwanese imports of HMS #1&2 80:20 rose by $1 a ton the week to $172 a ton CFR Taiwanese port.
Suppliers are unwilling to offer material if bids fall below $170. Although some transactions have concluded at slightly higher levels than last week, these have been of limited volume.
Scrap imports are still struggling to compete with cheaper domestic scrap, while demand for finished long products in Taiwan remains lacklustre.
Market sentiment is depressed throughout the market and looks likely to stay this way for the foreseeable future.