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07 Jun

Bangladesh imported scrap lulls amid sluggish monsoon demand

Bangladeshi scrap import sentiment has plunged this week on the back of sluggish demand in the finished steel market ahead of the monsoon, coupled with persistent difficulties in opening letters of credit, sources tell Kallanish. Mills have curbed production and reduced scrap intake amid the recent rise in electricity tariffs. According to sources, initial indications for US West Coast-origin bulk HMS, shredded, and bonus offers picked up slightly to around $420-…
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Sayed Aameer  |  India
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