Import scrap prices in Bangladesh have come down further this week, pushed by negative sentiment and still cautious buying. The future trend is unclear.
The latest offers for bulk ex-US HMS I/II 80:20 scrap have been reported at $430/mt CFR and buyers are still not voicing firm bids as they have completed purchases for now. Some sources have reported that the tradable value should not be above $410-420/mt CFR. In late January, the nominal price level for bulk ex-US HMS I/II 80:20 scrap was at about $450/mt CFR.
In the container scrap segment, prices have declined further with overall buying remaining slow. The workable price level for shredded scrap has dropped by $15-20/mt over the past week to $410-415/mt CFR, according to sources. A deal for HMS I/II 80:20 in containers has been reported at $400-405/mt CFR early in the week.
