TAIWAN November 21 2016 11:15 AM
NEW YORK (Scrap Register): The Taiwanese containerized market for HMS #1&2 80:20 has reversed its recent down trend with an increase of $13 a ton to reach $200 a ton.
Offers for imported ISRI grade scrap increased during the week despite demand for finished long products remaining weak.
With increased prices in the international scrap market, Taiwanese mills were forced to increase their bids for imported scrap.
Some scrap suppliers are however withholding any offers to Taiwan as they believe that present prices are still too low, in turn resulting in limited deals being concluded.