Offer prices for deep-sea cargoes in Bangladesh jumped in the week ended October 14 amid bullish sentiment from United States sellers and good scrap demand in competing Asian import nations, sources told Fastmarkets.
Bangladeshi mills hit by strong offer pricesSouth Korean mill issues scrap import tenderTaiwanese containerized prices continue to increaseElectricity rationing sours sentiment in ChinaBangladesh"Mills will likely hold off from buying deep-sea bulks now and use the container market as a stop-gap but they are going to get desperate and they must come back at some point," a South-Asian based trading source said....