Bids submitted for CSC scrap tender confirm sharp increase
Taiwan's China Steel Corporation (CSC) held a tender for scrap purchase on Tuesday January 7, 2003. The bids submitted by several traders all showed the impact of sharp price increases in international scrap markets. Following are the bids submitted.Seller Bonus/HMS No.1 Price Origin ------------------------------------------------------------ EMR 100% of bonus $175.00 Europe Midland 75/25 $175.25/$165.25 Baltic Sea Schnitzer 70/30 $176.00/$166.00 USA HSGT 70/30 $177.00/$167.00 Baltic or USA Norton 100% of bonus $176.50 UKSteelOrbis is reported that CSC has started negotiating with the traders, particularly with EMR. However no order has been confirmed as of Wednesday evening.