Taiwanese containerized scrap import prices advance further to $178 a ton

TAIWAN August 24 2015 10:34 PM    

TAIPEI (Scrap Register): Prices for containerized Taiwanese  imports of HMS # 1&2 80:20 advanced further to $178 a ton in the week ended  August 14, as per the latest figures from The Steel Index.

According to TSI, the index for containerized Taiwanese imports of HMS  #1&2 80:20 rebounded $5 a ton the week to $178 a ton CFR Taiwanese port.  

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This came as  both domestic and overseas ISRI grade scrap suppliers raised their offers in  line with rising global prices.

Deals concluded were limited as mills  baulked at these price hikes against a backdrop of weak domestic steel demand.  

There were, however, reports of end users rushing to place orders for  long products, in anticipation of long products becoming more expensive.