Taiwanese Containerized Scrap import prices gain further to $164 a ton

TAIWAN March 11 2016 10:11 AM    

TAIPEI (Scrap Register): Prices  for containerized Taiwanese imports of HMS # 1&2 80:20 gained further during  the week ended March 04, as per the latest figures from The Steel Index.  

According to TSI, index for containerized Taiwanese imports of HMS  #1&2 80:20 increased further by $3 a ton to $164 a ton CFR Taiwanese port  the week.

Taiwanese mills were unable to secure large  volumes of imported ISRI grade scrap as prices continued to increase. Not many  suppliers were offering to mills as many did not have stock to offer them.  

Indian mills are also taking up whatever scrap there is available at the  moment and are also offering competitive prices for it. The Taiwanese mills that  did manage to conclude deals were however being offered very limited volumes.  

Most mills were waiting to see how the international market will move  and therefore decided to not take any action. Yet, with many believing that the  current trend will last for a while, actions will have to be taken by next  week.