03
May
16:15
Bangladesh scrap bids plummet amid softening Turkish offers
Falling scrap booking prices in Turkey, coupled with poor steel demand in Bangladesh, have seen Bangladeshi scrap importers notably slash their scrap bids this week. The steel mills blame the approaching monsoon, prevailing low steel offtake, and delayed financing for the fall in their target purchase prices, sources tell Kallanish.
This week, US-origin bulk HMS, shredded and bonus offers plummeted to around $430/tonne, $440/t, and $445/t cfr Chattogram, respectiv…
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Anonymous
Very good overview of the weekly steel market.
Anonymous