BANGLADESH STEEL SCRAP: Mills re-enter market for Japan, US scrap

Activity in the bulk import market for steel scrap sold to Bangladesh has increased over the past week, with fresh buying interest in Japan- and US-origin material, market sources told Fastmarkets on Thursday August 6.

Market chatter on Thursday centered on fresh bids for Japan-origin scrap in bulk and renewed activity in the deep-sea import market for US West Coast scrap, at higher prices than the previous sales.
Trading sources said that a Bangladeshi mill bought at least one mixed bulk cargo consisting of 30,000 tonnes of steel scrap at $300 per tonne cfr for shredded and $295 per tonne for HMS 1&2 (80:20) from the US West Coast.
Offers from the same region for shredded in bulk were heard at $308-310 per tonne cfr Bangladesh over the past week, with bids for HMS 1&2 (80:20) heard at $292-293 per tonne cfr.

Fastmarkets’ price assessment for...

Published

Lee Allen

August 06, 2020

13:48 GMT

Singapore