Taiwanese containerized scrap import prices for HMS #1&2 80:20 dropped further by $5 a ton to $260 a ton in the week ended January 16, as per The Steel Index.
Japanese scrap continues to be flavour of the month for Taiwanese steel mills, with the depreciation of the Japanese Yen only serving to make the material even more favourable.
This situation suits Japanese suppliers down to the ground, with Korean mills carrying high scrap inventories and not in the market for further material.
The scrap prices for aluminium, brass, copper, lead, tin and zinc advanced in Japan on Scrap Register price Index as on Thursday.
US-origin ISRI-grade scrap purchases have also been made in small quantities.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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