On August 1, SteelOrbis reported that the past two months had been relatively stable for domestic rebar prices in the Bangladesh market at approximately BDT 59,000-60,000/mt ($699-711/mt) ex-works in the capital of Dhaka.
Sources now inform SteelOrbis that prices have declined and are now reportedly at BDT 58,500-59,200/mt ($693-701/mt) ex-works Dhaka excluding additional regional taxes. The offer price declined $6/mt from the bottom of the previous range and $10/mt from the top of the same range.
USD = BDT 84.39 (Aug 1)
USD = BDT 84.46 (Aug 10)