27
Apr
16:22
Delayed financing dampens Bangladesh’s imported scrap market
Delays and restrictions in opening letters of credit have slowed intake of imported scrap in Bangladesh. There is a gap in offers and bids, and the outlook seems to remain bearish on the back of the extreme summer season and the fiscal year's end in June, sources tell Kallanish.
Last week, an Australia-origin bulk cargo containing HMS and shredded was concluded at $442/tonne and $452/t cfr Chattogram, respectively. This week, offers for US west coast-origin HM…
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Anonymous
Very good overview of the weekly steel market.
Anonymous