Import scrap prices in Bangladesh have shown a mixed trend over the past week. While the deep-sea segment has remained active amid several reported bulk bookings, the containerized segment has turned quieter after recent restocking and some prices have come under slight pressure. Overall sentiment has remained cautious, with buyers focusing mainly on selective requirements.
More specifically, ex-EU/UK HMS I/II 80:20 scrap in containers have been heard at $380-385/mt CFR Chattogram this week, compared to $390-392/mt CFR Chattogram heard last week, while ex-EU/UK shredded scrap in containers have been heard at $410-420/mt CFR Chattogram, versus around $420/mt CFR Chattogram heard last week. However, no fresh concluded deals for ex-EU/UK containerized scrap have been heard in the market so far this week.
“I haven’t offered any material in Bangladesh this week due to some freight issues,” a source in the market told SteelOrbis, adding that the imported scrap market has turned quieter this week after recent restocking.
As for ex-Australia material, PNS scrap have been sold at $438/mt CFR Chattogram for 5,000 mt, while shredded 211 scrap have been reported at $340/mt CFR Chattogram for 1,000 mt. In addition, negotiable levels for ex-Australia material have been reported at around $2/mt lower, according to market sources.
In terms of other origins, Malaysian-origin HMS I/II 90:10 scrap have been sold at $418/mt CFR Chattogram for 1,500 mt. Meanwhile, bids for ex-Hong Kong PNS scrap have been heard at $410/mt CFR Chattogram this week, with no major changes compared to the level reported last week.
In the bulk segment, following the 50,000 mt ex-US West Coast cargo booked by a Bangladesh mill last Friday, with HMS I/II 80:20 scrap at $414/mt CFR and shredded scrap at $424/mt CFR, fresh indications this week for ex-US West Coast material have been heard at $409-410/mt CFR for HMS I/II 80:20 and at $419-420/mt CFR for shredded scrap, with one more bulk cargo reported secured. At the same time, ex-South Korea HMS I/II 80:20 scrap have been heard at $410-412/mt CFR, while HS grade scrap have been reported at $425-427/mt CFR, with another deep-sea cargo heard booked. Overall, market sources have indicated that Bangladesh’s scrap market has remained active on the deep-sea side, with prices remaining firm week on week.
Meanwhile, the local Bangladesh market has remained relatively stable, though mills are still facing pressure from weak finished steel demand and cautious buying sentiment.
$1 = BDT 122.95