Russian BPI booking in Taiwan

Taiwan's largest H-beam maker Tung-Ho Steel Enterprise Corp has concluded a booking of 50,000 mts of basic pig iron ex-Russia at $362/mt CFR FO Taichung for April shipment. Currently, BPI offers in Taiwan are at around $370/mt CFR. BPI prices are not expected to soften in the short run due to the strong state of international raw material market.