TAIWAN December 22 2015 11:45 AM
TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 continued to remain flat at $150 a ton during the week ended December 04, as per the latest figures from The Steel Index.
According to TSI, containerized scrap index for Taiwanese imports remained flat the week at $150 a ton. The week saw a modest rise in import activities for ISRI grade scrap and few transactions have been recorded, with volume remaining minimal at best.
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Most of the Taiwanese mills are still adopting a wait-and-see stance and observing how the international scrap market will move in the coming days.
That said, domestic rebar prices underperformed again and therefore, coupled with weak demand, mills are being cautious when it comes to purchasing imported scrap.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to firstname.lastname@example.org)