BANGLADESH STEEL SCRAP: Import offers climb despite weak steel demand

Steelmakers in Bangladesh are faced with increasingly high offer prices for imported scrap despite dismal domestic steel demand, market sources told Fastmarkets on Thursday July 23.

Higher sales prices to Turkey and Taiwan have left US scrap exporters targeting higher bulk prices into Bangladesh.
Offer prices for US West Coast-origin cargoes of HMS 1&2 (80:20) rose to $290-295 per tonne cfr on Thursday, from $280 per tonne cfr last week.
At least one steel mill is in the market for a deep-sea bulk cargo and a bid was heard at $285 per tonne cfr on Thursday, up from last week's bid level of below $270 per tonne cfr.

Fastmarkets' price assessment for bulk cargoes of steel scrap, HMS 1&2 (80:20), deep-sea origin, import, cfr Bangladesh was $280-290 per tonne on Thursday July 23, up from $270-278 per tonne...

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