Offer prices for bulk ferrous scrap cargoes to Bangladesh have increased over the past week after higher prices were paid elsewhere in Asia, but several buyers remained out of the market, sources told Fastmarkets on Thursday May 14.
After hectic activity in March and April, the Bangladeshi import market for bulk cargoes has cooled significantly so far in May, with high scrap inventories in the country combining with a downturn in activity with the start of the Islamic holy month of Ramadan.Two Bangladeshi bulk-buyer mills were inquiring about bulk prices in recent days with a view to a possible deal, while two other large mills remained on the market sidelines due to...