Scrap tender by CSC

Scrap tender by CSC

SteelOrbis is reported that, following bids were submitted for the scrap tender held by China Steel Corp. (CSC) of Taiwan on August 19.

Company     Bonus grade       HMS I       Ratio (Bonus/HMS I)
Hugo Neu    $199.50           $189.50           80/20
Naporano    $200.75           $190.75           80/20
Midland     $201.50           $191.50           80/20
EMR         $208.00              -              100   

These offer levels confirm that the market moved up by almost $10/mt in the last couple of weeks.