Some traders expected Bangladeshi mills to re-enter the market for bulk and containerized scrap
in the weeks following the country’s Eid-ul-Fitr holidays, but this has simply not materialized.
Instead, while bulk scrap offers from the US West Coast have ballooned over recent weeks amid higher sales prices to Vietnam, bid levels from Bangladesh mill buyers have stayed largely stable, sources said.
Fastmarkets’ price assessment for bulk cargoes of steel scrap, HMS 1&2 (80:20), deep-sea origin, import, cfr Bangladesh
was $280-290 per tonne on June 11, widening up by $5 week on week from $280-285 per tonne cfr last week.
Offers for bulk HMS 1&2 (80:20) from the US West Coast were heard at $295-305 per tonne cfr...