Bangladesh slows down deep-sea steel scrap buying amid high stocks, LC problems

Bangladeshi steelmakers have started to slow down their bookings of bulk cargoes of ferrous scrap despite continued decreases in offer prices this week, sources told Fastmarkets on Thursday June 23.

• Bangladesh reduces bulk bookings amid high stocks
• Containerized prices to Bangladesh remain above bulk
• Taiwan containerized scrap offers drop further, buyers hold back.

Offer prices of deep-sea origin HMS...


Lee Allen

Tianran Zhao

June 23, 2022

14:15 GMT

London, Shanghai