TAIWAN September 16 2015 5:20 PM
TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 prices dropped during the week ended September 11, as per the latest figures from The Steel Index.
According to TSI, index for containerized Taiwanese imports of HMS #1&2 80:20 dropped by $2a ton the week to $169 a ton CFR Taiwanese port.
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Few Taiwanese mills were able to secure ISRI grade scrap at the prices they wanted, as suppliers looked to stay away from the Taiwanese market.
Japanese-origin scrap was again secured in high volumes whilst Russian material was also heard sold into the region at lower pricing than last week.
Domestic demand remains very poor, meaning mills simply can’t afford to pay what ISRI suppliers are looking for at present.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to email@example.com)