BANGLADESH STEEL SCRAP: Mills book more US cargoes, taking price higher

The cascade of cargoes booked by Bangladeshi mills from United States recyclers continued over the past week to Thursday August 20, with two more deals heard, sources told Fastmarkets.

Demand for scrap in Bangladesh has ballooned over the past month, with mill capacity utilization rising at the country’s three largest mills, and scrap stocks at steelmakers depleting.
A Bangladeshi mill bought a bulk cargo of 32,000 tonnes from the US West Coast at $310 per tonne cfr for HMS 1&2 (80:20) and $315 per tonne cfr for shredded scrap.

A second deal for 32,000 tonnes of scrap was heard at $307 per tonne cfr for HMS 1&2 and $312 per tonne cfr for shredded, but the...

Published

Lee Allen

August 20, 2020

11:10 GMT

Singapore