A Bangladeshi mill has returned to the United States deep-sea ferrous scrap market to secure two cargoes from separate shippers at a $70-per-tonne increase compared with the last-reported sale to the region.
A West Coast exporter sold a cargo to Bangladesh comprising 7,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap priced at $535 per tonne cfr and 25,000 tonnes of shredded scrap priced at $540 per tonne cfr.These cargoes are priced up by $70 per tonne compared with the last-reported HMS 1&2 (80:20) sale to the region concluded at $465 per tonne cfr on April...