December 03, 2008

Taiwanese scrap prices expected to raise again

It is reported that Taiwan import price of scrap has continuously increased. As per report price for contain scrap are priced as high as C&F USD 650 to USD 680 per tonne CNF and some were prevailing at around USD 620 to USD 630 per tonne CNF.

A trader said that the acceptable price in the market is at USD 610 to USD 612 per tonne. It is expected that the scrap price will rise again this week, due to low inventories.

(Sourced from YIEH.com)