Prices for
containerized Taiwanese imports of HMS # 1&2 80:20 continued to
advance to $182 a ton in the week ended August 21, as per the latest
figures from The Steel Index.
According to TSI, index for containerized Taiwanese imports of HMS #1&2 80:20 rose $4 a ton the week to $182 a ton CFR Taiwanese port.
The volume of imported ISRI grade scrap was low, with overseas suppliers not willing to sell at the current bid levels from mills.
Domestic scrap suppliers are also in the same situation, and are not willing to budge until prices rise. This has led mills to again look the Chinese billet as an alternative to scrap.
Mill buyers in Taiwan, traditionally the second biggest export market for United States ferrous scrap, have continued to avoid US purchases in 2015. Taiwan’s market share (of U.S. scrap purchases) fell 32 percent year-over-year to 14 percent in the first five months of 2015.
According to TSI, index for containerized Taiwanese imports of HMS #1&2 80:20 rose $4 a ton the week to $182 a ton CFR Taiwanese port.
The volume of imported ISRI grade scrap was low, with overseas suppliers not willing to sell at the current bid levels from mills.
Domestic scrap suppliers are also in the same situation, and are not willing to budge until prices rise. This has led mills to again look the Chinese billet as an alternative to scrap.
Mill buyers in Taiwan, traditionally the second biggest export market for United States ferrous scrap, have continued to avoid US purchases in 2015. Taiwan’s market share (of U.S. scrap purchases) fell 32 percent year-over-year to 14 percent in the first five months of 2015.
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