Stronger global demand for scrap shipments in bulk has led to a sharp rise in deep-sea import scrap prices to Bangladesh over the past week, market participants told Fastmarkets on Thursday December 17.
An acute shortage of containers has pushed more buyers toward the bulk route in recent weeks, with at least two Bangladeshi mills in the market actively looking for a deep-sea cargo, which led to a spike in bulk scrap import prices, sources said on Thursday.All mills still expect prices to drop even though they have been waiting for this to happen for two months now and...