Imported scrap prices in Bangladesh have remained largely stable or have increased only slightly this week amid subdued market activity. Ongoing monsoon rains have continued to hamper construction work, keeping steel demand under pressure and, although sellers floated multiple offers, buying interest has remained limited, with most buyers showing resistance to prevailing price levels. Still, some market participants anticipate a gradual recovery in demand as the monsoon weakens in the coming weeks, potentially allowing construction activity to regain momentum.
According to sources, most offers for shredded scrap in containers from Australia have been voiced at $374-375/mt CFR, compared to $370/mt CFR two weeks ago. Besides, offers for ex-Australia HMS I/II 80:20 scrap have been heard at $350/mt CFR, the same over the past two weeks, with a few deals reported to have been signed for ex-Brazil HMS I/II 80:20 at $345-348/mt CFR levels. Furthermore, offers for ex-Australia HMS I/II 90:10 have settled at $345-350/mt CFR, though most bids have been reported at $335/mt CFR, according to sources.
Furthermore, deal prices for ex-Singapore and ex-Hong Kong PNS scrap in containers have been reported at $380-382/mt CFR and $387/mt CFR, respectively, while most offers have settled at $385-390/mt CFR levels, mainly the same as two weeks ago. Besides, offers for ex-Malaysia busheling scrap have been heard at $390/mt CFR.
In the bulk segment, ex-Japan H2 offers have been voiced at $340-345/mt CFR level, down by $5/mt on the lower end of the range week on week.
Meanwhile, offers for ex-US HMS I/II 80:20 scrap have been estimated at around $350-355/mt CFR, increasing by $10/mt over the past two weeks.