TAIPEI (Scrap Register): Prices for containerized Taiwanese imports of HMS # 1&2 80:20 gained further to $219 a ton during the week ended August 19, as per the latest figures from The Steel Index.
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Taiwanese scrap prices edged up slightly during the week to $219 a ton, as market participants attributed this to higher domestic demand from certain regions of Taiwan.
That said, the general outlook for the market remains sluggish and under the influence of international scrap prices. Some market participants remain bearish, feeling that prices are likely to go lower.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to email@example.com)