The prices for containerized Taiwanese imports of HMS #1&2 80:20 continued to remain flat at $287 a ton (CFR Taiwan port) in the week ended November 28, as per The Steel Index.
According to TSI, Taiwanese mills remain in no hurry to purchase ISRI grade scrap at present, owing to the fact they currently hold strong scrap inventories, Japanese scrap remains competitive and many continue to make use of Chinese billet as an alternative to making steel.
Consequently, the congestion at US west coast ports is not a major concern for Taiwanese buyers. Domestic demand for long products also remains subdued, meaning mills are happy to bide their time.
Source: Scrap Register |
