Taiwanese Containerized Scrap import prices remain flat at usd 151 a ton
Prices for containerized Taiwanese imports of HMS # 1&2 80:20 remained flat during the week ended December 25, as per the latest figures from The Steel Index.
Taiwanese mills are refusing to cave in to the offered price of what ISRI-grade scrap suppliers are asking for. Although a few mills have indicated a slight willingness to up their bid levels, it is still not enough to meet what the suppliers want.
Domestic scrap prices ticked up last week but according to some market participants the rise is purely for domestic scrap which, in comparison to the imported price, is far lower.
Mills have thus raised domestic rebar prices as well. This time round there was an increase in work orders, however, the selling price of rebar (margin) will not justify the asking price of imported scrap, mills say.
Consequently, the prices for containerized Taiwanese imports of HMS #1&2 80:20 remained flat at $151 aton CFR Taiwanese port during the week.