Import scrap prices in Bangladesh have continued to move mainly sideways, though with a slight downward bias seen in offers for containerized scrap. Meanwhile, trade has remained slack in the import market in Bangladesh affected by reduced demand from end-users due to the slowdown in construction activities, coupled with the low-capacity utilization rates of most Bangladeshi steel mills.
More specifically, according to sources, most deals for imported scrap have remained occasional in Bangladesh, with around 2,000-3,000 mt of mixed scrap booked from the UK, Malaysia and Australia including shredded at relatively the same price levels as last week. In particular, offers for ex-EU shredded scrap in containers have been voiced at $400/mt CFR, against $400-420/mt CFR last week, while offers for HMS I/II 80:20 scrap have been estimated at $390/mt CFR, against $390-395/mt CFR last week.
Meanwhile, indicative offers for ex-US HMS grade scrap in bulk have been voiced at $380-385/mt CFR, the same as last week, though no deals have been reported so far.