Recent CSC scrap tender evidences further rise in prices
Taiwanese steelmaker China Steel Corporation (CSC) has recently held a tender for its scrap purchasing. Various bidders have participated in the tender, again with revealing rising levels of scrap prices. The following bids are received at the purchasing tender openings:Kuusakoski Bonus/HMS1 80/20 $183.00/173.00 EMR 100% Bonus $187.75 Norton 100% Bonus $186.50 Hugo Neu Bonus/HMS1 85/15 $187.75/177.75 Midland Bonus/HMS1 80/20 $186.95/176.95SteelOrbis understands that CSC countered to Kuusakoski with US$1/mt discount, but same has been simply declined.