TAIWAN December 29 2015 9:35 AM
TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 stayed flat during the week ended December 11, as per the latest figures from The Steel Index.
According to TSI, containerized scrap index for Taiwanese imports remained flat during 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.
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.