Taiwanese containerized scrap import prices edge up to $173 a ton

Published: Aug 18, 2015 11:31

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Prices for containerized Taiwanese imports of HMS # 1&2 80:20 edged up to $173 a ton in the week ended August 07, as per the latest figures from The Steel Index.

TAIWAN August 17 2015 8:28 PM

TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 edged up to $173 a ton in the week ended August 07, as per the latest figures from The Steel Index.

According to TSI, index for containerized Taiwanese imports of HMS #1&2 80:20 rose $1 a ton the week to $173 a ton CFR Taiwanese port.

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Imported ISRI grade scrap prices into Taiwan edged up slightly on the back of higher bids and offers, however, transactions were scarce as suppliers and buyers failed to reach agreements regarding the rise.

This impasse between buy and sell side revolves around seller’s reluctance to offer anything below $170 and buyer’s concern about transacting too high due to continued weak domestic steel demand.

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

The Steel Index containerized Taiwanese HMS # 1&2 80:20 import 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.

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