TAIWAN September 04 2015 2:49 PM
TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 advanced by $2 to $182 a ton in the week ended August 28, as per the latest figures from The Steel Index.
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According to TSI, index for containerized Taiwanese imports of HMS #1&2 80:20 rose $2 a ton the week to $184 a ton CFR Taiwanese port. Deals were concluded early in the week at slightly higher prices than last week.
However, mills then proceeded to drop their bids significantly in the face of the economic turmoil seen in the region the week.
Suppliers refused these latest offers, and consequently little business was done for the rest of the week.
Japanese and Korean mills were also heard to be bidding lower, whilst Taiwanese domestic demand looked fairly bleak.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to email@example.com)