Steelmakers in Bangladesh piled into the deep-sea bulk import market during the week to Thursday June 24, picking up several cargoes at slightly lower prices, sources told Fastmarkets.
The rush for bulk material comes after certain mills picked up large tonnages of containerized scrap in recent weeks amid high capacity utilization rates in the country at major producers.One such deal was a 35,000-tonne cargo comprising 7,000 tonnes of heavy melting scrap 1&2 (80:20) priced at $535 per tonne cfr, 18,000 tonnes of shredded scrap...