“Scrap supply in Asia is limited. Australia is having issues due to port congestion and carriers are imposing additional charges, which is raising prices,” a Singaporean scrap trader said.
“Some areas of Australia had restrictions due to the Covid-19 pandemic
, which are now lifted and there were strikes at ports,” he added.
Hardly any Australia-origin scrap in containers was heard offered to Bangladesh this week
, but buyers purchased material instead from the UK, New Zealand and Latin America.
Fastmarkets’ price assessment for steel scrap, HMS 1&2 (80:20), containerized, import, cfr Bangladesh was $300-305 per tonne cfr on Thursday October 9, down by $1-5 per tonne from $305-306 per tonne cfr one...