Taiwan Containerized Scrap import prices continue to decline to $250 a ton

TAIPEI (Scrap Register): Prices for Taiwanese containerized HMS # 1&2 80:20 imports continued to decline by $5 a ton to $255 a ton during the week ended April 14, as per the latest figures from The Steel Index. 
Mills in Taiwan continued to abstain from buying as importers of ISRI grade scrap refused to meet bids put out by local steel producers. 
Prices in Turkey remain high, keeping offer levels well above what the mills are currently prepared to pay. A limited number of deals have been concluded as mills are standing firm in what they are asking for. 
The index for HMS 1&2 80:20 imports fell $5 a ton on the week to $250 a ton. Oversupply of steel products in China is weighing on sentiment, impacting prices across the ferrous complex. The short-term outlook from market players in Taiwan remains bearish.