Bangladeshi import steel scrap prices have fallen over the past week despite a continued rise in offer prices for rebar and domestic shipbreaking scrap in the country, sources told Fastmarkets on Thursday November 18.
?EUR?Bangladeshi import prices ease downward
?EUR?Taiwanese buyers secure containerized scrap at $445-452 per tonne cfr
?EUR?Lack of demand for scrap in China due to hot metal being more attractive to mills.
Bangladesh
Souring sentiment in Asia has led to
lower prices in key markets such as those in South Korea, Japan and Vietnam in recent days [LINK]. Although Bangladeshi container prices have largely been stable over the past two weeks, offer prices for deep-sea cargoes to the country have come down noticeably.
Offers for deep-sea cargoes from the United States West Coast were heard at $560-565 per tonne cfr Bangladesh for HMS 1&2 (80:20) over the past week, while an offer for UK-origin shredded scrap in bulk was heard at $585 per tonne cfr on Thursday.
An Australian cargo totaling 30,000 tonnes was heard offered around $555-560 per tonne cfr Bangladesh for HMS 1&2 (80:20) last week,...