Trade activity in the import scrap market in Bangladesh has remained moderate this week with most deals for containerized scrap reported at mainly the same levels as last week, while business activity in the bulk segment has remained slow.
More specifically, offers for ex-EU/UK shredded scrap in containers have been voiced at $380-385/mt CFR, the same as last week, while offers for ex-Australia shredded scrap have remained at $375/mt CFR, with several deals reported to have been signed at the above level. Besides, offers for ex-EU HMS I/II 80:20 scrap have been estimated at $365-370/mt CFR, mainly the same as last week.
Besides, offers for PNS scrap from Hong Kong, Malaysia and Singapore have been estimated at $390/mt CFR, though several deals for 1,000-2,000 mt each have been reported at $385-390/mt CFR, according to sources.
Meanwhile, trade conditions in the bulk segment have remained silent with offers for ex-US HMS grade scrap estimated at $365/mt CFR, down by $10/mt week on week, while offers for ex-Japan H2 scrap have been reported at $350/mt CFR.
“Although some buyers have returned to the market, overall activity remains muted. Nearshore scrap sourcing persists, but elevated offers from neighboring countries and supply constraints could drive prices higher in the near future,” a market insider told SteelOrbis.