Bulk scrap purchasing in the Bangladesh import market is under pressure, largely due to inflated inventories of material and high offer prices, market sources told Fastmarkets on January 10.
"In the past three to four months, when nobody else in the Indian subcontinent was buying much, Bangladesh bought. But now, after this purchasing, everyone has high stocks on hand," one mill source in the country said.Current bulk scrap prices are also a key deterrent for consumers,...