18
Jul
13:43
Price disagreements stall Bangladesh imported scrap market
Bangladesh's imported scrap market continues to remain quiet, with buyers and sellers adopting a wait-and-see approach.
Offers for HMS (80:20) scrap from Australia/Brazil are at around $410-415/tonne cfr Chattogram, while United Arab Emirates-origin HMS 1 scrap is at $420-422/t, and PnS scrap at $427-430/t cfr. Bids for each grade are coming in at $5-7/t lower, notes Kallanish.
Bangladeshi sellers had expected higher freight rates to prompt buyers to accept c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous