Offer prices to the key import steel scrap market in Bangladesh have gone up over the past week, but demand for scrap material was low ahead of the Islamic holy month of Ramadan, sources told Fastmarkets on Thursday April 1.
Import markets across Asia have received higher offers for steel scrap this week, with strong rebar and billet markets giving many steelmakers excellent margins and more room to pay for scrap in markets such as Turkey. Rising bulk and container freight costs were also driving up prices."In the days around Eid, there are restrictions on goods being transported on the roads, and during Ramadan official...