Taiwanese containerized scrap import prices continue to decline to $140 a ton

TAIWAN October 27 2015 4:40 PM

TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 prices continued to decline during the week ended October 16, as per the latest figures from The Steel Index. 

According to TSI, prices for containerized Taiwanese imports of HMS #1&2 80:20 fell by $5 a ton the week to $140 a ton CFR Taiwanese port. 

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Some small volumes of ISRI grade scrap were bought by Taiwanese mills this week, but suppliers, for the most part were not willing to lower their selling price. Mills were heard to be bidding in the $130-135 a ton range. 

Domestic orders for finished long products were relatively strong, but the price is currently below TWD 10,000 a ton, and mills are reluctant to increase production in order to keep prices stable.

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