US scrap prices to Taiwan slide

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Publish time: 6th December, 2012      Source: ChinaCCM
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It's reported that the US scrap export prices to Taiwan have dropped recently.

Its' learned that the latest quotes of the US HMS 80:20 (1&2) and shredded scraps to Taiwan are at US$368/ton C&F and US$375/ton C&F respectively, falling by US$12~US$14/ton from the previous quotes.

However, the prices seem unfavorable to the Taiwanese steel mills since their current purchasing prices are at US$365/ton C&F.

Industry sources predicted that the Taiwanese steel mills might bid US$360/ton C&F for the US scraps.