Scrap import offers to Bangladesh up

On December 1, SteelOrbis reported ex-US containerized shredded scrap offers to Bangladesh at $350-355/mt CFR. Sources inform SteelOrbis that offers are now reportedly at $355-365/mt CFR. The range increased $5/mt from the bottom of the previous range and $10/mt from the top of the same range. A source stated, “Shredded scrap offers to India from various destinations, not only US, are rapidly approaching $365/mt CFR.”