Prices for deep-sea bulk cargoes of ferrous scrap in Bangladesh have stayed largely flat over the past week amid a continued standoff between mills and suppliers, sources said on Thursday April 23.
More stability in the Turkish import scrap market, a plunge in the price of crude oil and the continuation of Covid-19 pandemic lockdown restrictions in Bangladesh were three reasons highlighted by market sources for the new stalemate in the local market.Trade in both ferrous scrap and direct-reduced iron (DRI) in Bangladesh has been curtailed since the country entered lockdown on March 24, due to...