Bangladesh: Imported Scrap Prices Remain Firm in Recent Trades

SteelMint learned in conversation with industry participants that imported scrap market in Bangladesh has observed limited trade activities with only few major steel mills active in the market.

Limited offers for containerized Shredded 211 of USA/Canada origin heard at around USD 375/MT, CFR stable against last week's assessment.

Few buyers were looking for P&S scrap with buying interest in the range of USD 375-378/MT, CFR.

In recent trades heard, HMS 1 scrap was traded in the range of USD 361/MT, CFR Chittagong from leading supplier like South Africa.

"All small buyers are very silent at the moment. No buying interest at the moment from small buyers, only few major mills are active at the moment ", shared a Bangladesh based scrap trader.

Indian sponge iron export deals to Bangladesh reported at around USD 360/MT, CFR Chittagong. Prices have remained firm against last week.

Bangladesh local scrap prices move down - Local scrap prices heard at around BDT 34,000/MT which was last week assessed at around BDT 34,500-35,000/MT. Prices are inclusive of taxes.

Ship breaking market in Bangladesh remains positive - Ship cutting prices moved up by USD 5-10/MT pushing the assessment at USD 445/LDT for general dry bulk cargo, at USD 455/LDT for tanker cargo and at USD 465/LDT for containers on CNF Bangladesh basis. Prices have remained firm on weekly basis with few trades in bulk and tanker being reported.