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12 May

Bangladesh’s bulk scrap bids plunge following recent deals

Owing to prevailing financing delays in Bangladesh amid uncertain global market sentiment, coupled with Chinese and Asian market sluggishness, Bangladeshi scrap importers have dropped their bids further. Sellers, on the back of the improving situation in the Turkish scrap market, are now hesitant to reduce offers, widening the bid-offer gap, sources tell Kallanish. Last week, US-origin bulk HMS, shredded, and bonus offers plummeted to around $415/tonne, $420/t, an…
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Sayed Aameer  |  India
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