Crippling forex rates hurt Bangladesh steel scrap demand

Demand for import cargoes of steel scrap to Bangladesh has dropped in the last week amid a plummeting taka-US dollar exchange rate increasing costs to import material, market sources said on Thursday May 26.

Bangladesh tones down imports amid continued forex drop. Taiwanese buyers inch up bids for imported containerized scrap amid tight domestic scrap supply. Major South Korean steelmaker announces lower bid...

Published

Lee Allen

Tianran Zhao

May 26, 2022

16:45 GMT

London, Shanghai