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.
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 email@example.com)