On November 14, SteelOrbis reported scrap offers from the EU and UK to Bangladesh at $370-380/mt CFR for containerized shredded scrap while containerized HMS I/II 80:20 offers were reportedly at $360-367/mt CFR on expectations of strong local import demand despite most global prices trending down.
Sources report to SteelOrbis that as of November 29 scrap import offers to Bangladesh have decreased for both grades. Ex-EU and ex-UK containerized shredded scrap is reportedly at $355-365/mt CFR, with most offers towards the bottom of the range, and containerized HMS I/II 80:20 scrap is on offer at $340-345/mt CFR. Shredded prices declined $15/mt while HMS I/II 80:20 prices declined $20/mt from the bottom of the previous range and $22/mt from the top of the same range.