ASIA STEEL SCRAP DIGEST: Bangladesh resumes US deep-sea scrap imports

Bangladesh has returned to the deep-sea import market with another deal over the past week, market sources told Fastmarkets on Thursday September 23.

  • Bangladeshi mill returns to buy bulk cargoes, sources say
  • China's scrap import volumes dropped by over 50% in August
  • Taiwanese buyers continue purchasing at higher prices after electricity rationing ends
Bangladesh
At least one deal for United States-origin deep-sea scrap to Bangladesh was done this week, sources told Fastmarkets.
A deal was heard done during the weekend at $520 per tonne cfr Bangladesh for HMS 1&2 (80:20) and $525 per tonne cfr for shredded scrap, sources said. A second cargo was said to have been finalized to the same mill at similar prices, but no further information was available at the time of publication.

Offers were $525-530 per tonne cfr Bangladesh for deep-sea HMS 1&2 (80:20) this week,...

Published

Lee Allen

Paul Lim

Tianran Zhao

September 23, 2021

12:25 GMT

Singapore, Shanghai, London