SteelOrbis has learned that Taiwanese EAF mill Feng Hsin Iron & Steel Co., Ltd. (Feng Hsin) has concluded a booking of HMS#2
scrap ex-
Japan at $327/mt CFR Taichung,
Taiwan, for July 2007 shipment. Taking into account the fact that the ocean
freight rate is at around $36-37/mt, it can be said that the concluded price is equal to $290-291/mt FOB
Japan.