Bangladesh: Bulk Scrap Imports Double in Dec'19
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Bangladesh has observed a sharp increase in bulk imports of ferrous scrap & coal, while import of HRC fall in Dec'19, as per the bulk vessel line up data compiled with SteelMint. Meanwhile, Pig iron in bulk was also imported in Dec'20 after a gap of 2 months.
Ferrous scrap: The country's bulk ferrous scrap imports almost doubled in Dec'19, up by 111% M-o-M. A total of 12 bulk vessels arrived at birth in the month. The total quantity of bulk scrap imports in the month registered at 2,89,091 MT as against just 1,38,346 MT reported a month ago in Nov'19. On yearly premises too, the import witnessed an increase by 361% Y-o-Y from 62,710 MT of scrap imported a year ago in Oct'19.
In CY 2019, Bangladesh's bulk scrap imports grew sharply by 55% Y-o-Y, recorded at 1.67 MnT as against 1.07 MnT in CY 2018.
Major exporter to Bangladesh, United States supplied 6 vessels in Dec'19, carrying 1,82,407 MT of bulk ferrous scrap with 63% share in total scrap imported by Bangladesh. Followed by other prominent suppliers - Japan with 5 vessels carrying 79,186 MT (27% share) and Australia with 1 vessel carrying 27498 MT (10% share).
Coal: Coal imports to Bangladesh has increased in Dec'19 by 25 % M-o-M to 9,64,422 MT as compared to 7,72,960 MT imported in Nov'19. Indonesia remained the major coal exporter to Bangladesh with 11 vessels carrying 5,83,375 MT bulk coal in Dec'19 with a 60% share.
Pig Iron: The bulk pig iron imports to Bangladesh recorded at 29,500 MT for Dec'19, as against nil volume reported in Nov'19. On a yearly basis, the bulk imports declined by 7%, as the same was recorded at 31,700 MT a year ago in Dec'18. All pig iron bulk shipments were recorded from India in the month.
Steel Coils: Bulk imports of steel coils witnessed fall in Dec'19 as the country imported 1,03,698 MT, decreasing by 29% M-o-M as against 1,45,795 MT imported in Nov'19. Japan supplied the largest quantity of coils with a 49% share. Followed by Taiwan, Indonesia & Malaysia with 24% , 18% & 9% respectively.
| Bangladesh Bulk Steel Imports: Dec'19 | |||||
| Products | Dec'19 | Nov'19 | % Change M-o-M | Dec'18 | % Change Y-o-Y |
| Ferrous Scrap | 2,89,091 | 1,37,093 | 111% | 62,710 | 361% |
| Coal | 9,64,422 | 7,72,960 | 25% | 6,13,225 | 57% |
| Pig Iron | 29,500 | - | 0% | 31,700 | -7% |
| Steel Coils | 1,03,698 | 1,45,795 | -29% | - | 0% |
Quantity in MT
Source: SteelMint Research
