Bangladesh import prices were also raised by continued demand for steel scrap in the country, despite the nation’s recently-imposed lockdown
, with at least one steel mill in the market looking to buy a deep-sea bulk cargo.
Fastmarkets’ price assessment for bulk cargoes of steel scrap, HMS 1&2 (80:20), deep-sea origin, import, cfr Bangladesh
, was $250-255 per tonne on April 9, up from $240-245 per tonne one week earlier.
Offer prices from the US West Coast for HMS 1&2 (80:20) were heard at $255-260 per tonne cfr recently, with one mill source telling Fastmarkets that he would be prepared to conclude a deal at $255 per tonne cfr.
Slower yard inflows in the US - caused by reductions in industrial activity resulting from the measures taken to combat the Covid-19 pandemic - have pushed prices upward in recent export bookings to Turkey from the East Coast