BANGLADESH STEEL SCRAP: Mills buy more US deep-sea cargoes

Bangladeshi steelmakers have continued to book United States-origin deep-sea scrap cargoes over the last week, with prices moving up slightly, sources told Fastmarkets on Thursday April 8.

A Bangladeshi mill bought two cargoes of 30,000 tonnes from the US West Coast at an average price of $465 per tonne cfr for a composite cargo of heavy melting scrap 1&2 (80:20) and shredded scrap last week, Fastmarkets heard.
A third US bulk cargo was rumored to be sold to another mill at around $465 per tonne cfr Bangladesh for HMS 1&2 (80:20) in the last week, but further details of the cargo were not available. Meanwhile, a recent sale of Australia-origin HMS 1&2 (80:20) in bulk sold at $455 per tonne cfr also came to light on Thursday.
Offers for US West Coast HMS 1&2 (80:20) rose to $470 per tonne cfr Bangladesh by Thursday, while shredded scrap was on offer at $475 per tonne cfr.

The assessment for bulk cargoes of steel...

Published

Lee Allen

April 08, 2021

15:35 GMT

Singapore