Prices for imported scrap in containers in Bangladesh have indicated further slight declines this week and trading activity has improved. Customers have failed to achieve attractive prices from bulk suppliers, and so they have focused on container scrap bookings, SteelOrbis has learned.
In the container scrap segment, 5,000 mt of imported shredded scrap from different sellers have been sold at $445-455/mt CFR, while late last week the tradable price level was $455-460/mt CFR. Offers for bulk shredded scrap have been much higher, pushing customers to source cheaper container scrap. One bulk scrap supplier from the US West Coast has been offering 32,000 mt of shredded scrap in bulk at $475/mt CFR this week, which is totally out of the buyers’ range of interest, as last week the deal price level for shredded in bulk was $458-460/mt CFR.
A contract for 2,000 mt of ex-UK HMS I/II 80:20 in containers has been done at $435/mt CFR in Bangladesh late this week, down by $5/mt compared to the ex-Australia deal for the same grade last week.