TAIWAN August 24 2015 10:34 PM
TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 advanced further to $178 a ton in the week ended August 14, as per the latest figures from The Steel Index.
According to TSI, the index for containerized Taiwanese imports of HMS #1&2 80:20 rebounded $5 a ton the week to $178 a ton CFR Taiwanese port.
For Live Chinese Scrap Prices Log on to Scrap Register
This came as both domestic and overseas ISRI grade scrap suppliers raised their offers in line with rising global prices.
Deals concluded were limited as mills baulked at these price hikes against a backdrop of weak domestic steel demand.
There were, however, reports of end users rushing to place orders for long products, in anticipation of long products becoming more expensive.