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31 May

Bangladesh bulk scrap remains stable; enquiries, demand limited

Slowed finished steel sales amid subdued infrastructure demand ahead of the monsoon, coupled with prevailing delayed financing, have seen the bulk scrap market plummet in Bangladesh. Despite that, imported scrap offers remain unchanged this week; no major bookings were heard in the nation, sources tell Kallanish. According to sources, US-origin bulk HMS, shredded, and bonus offers are stable on-week at around $418-420/tonne, $423-425/t, and $428-430/t cfr Chattogr…
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