The import scrap market in Bangladesh has shown relative stability compared to the offers seen last week. Meanwhile, despite continued inquiries, overall sentiment has remained muted, with the limited activity caused by the notable gap between bids and offers.
More specifically, offers for ex-UK/EU shredded scrap in containers have been reported at around $380-385/mt CFR, against $385/mt CFR last week. Besides, ex-EU/UK HMS I/II 80:20 scrap prices have settled at $365/mt CFR, compared to $365-368/mt CFR. Meanwhile, shredded scrap from Australia is available at $375-380/mt CFR, remaining at the same level as reported last week.
Offers for ex-Hong Kong PNS scrap have been voiced at around $380-385/mt CFR, against $385/mt CFR last week. Besides, offers for PNS scrap from Australia have settled at $385-390/mt CFR.
According to sources, major Bangladeshi mills have been maintaining substantial scrap inventories, which have dampened their interest in purchasing, though most have been operating at reduced capacity but are expected to resume buying soon, indicating potential shifts in market dynamics.
In the bulk segment, offers for ex-US HMS I/II 80:20 scrap have been voiced at $365-370/mt CFR, the same as last week, while indicative offers for shredded scrap have remained at around $380/mt CFR. Indicative offers for ex-Japan H2 scrap have been voiced at $350-353/mt CFR, against $345-350/mt CFR last week.