BANGLADESH STEEL SCRAP: Demand returns after lockdown ends

Demand for imported steel scrap has increased in Bangladesh over the week to Friday August 13 following a removal of Covid-19 lockdown restrictions across the country, market sources told Fastmarkets.

While the strict lockdown was officially ended on August 10, sources said that some Bangladeshi induction furnace (IF) mills had restarted steel production on August 8. The country's electric-arc furnace (EAF) mills had been allowed to continue production in recent weeks.
A major Bangladeshi steelmaker source told Fastmarkets that the end of the lockdown was positive for activity in the steel retail market and for scrap logistics, which were badly affected by the measures. But he said that he was worried about future lockdowns, with Covid-19 infection numbers in Bangladesh still high.

"Buyers have started going back to their offices in recent days, and factories have been allowed to re-open. I am hoping that the market will...

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