No conclusion achieved during CSC and EMR negotiations
The
scrap tender held by
Taiwan's
China Steel Corporation's (
CSC) on January 7, 2003, was previously reported by SteelOrbis, where a sharp increase in the international prices was observed.
After receipt of bids submitted for the tender,
CSC went into negotiations with EMR upon its offer of $175/mt offer for 100% bonus grade material ex
Europe. However, SteelOrbis understand that the two companies failed to reach an agreement as a result of these negotiations and no fixture has been concluded. For this reason, it is highly expected that
CSC announces a new tender for steel
scrap purchase in the coming dates for a cargo with arrival April 2003.
Please
click here to see the details of the tender held on January 7, 2003.