Bangladesh’s import scrap market has been still not active with price gaps between offers and bids have been pretty high – up to $10-15/mt CFR. In terms of prices, shredded scrap offers have remained stable, but HMS has corrected down, in line with expectations.
More specifically, ex-UK/EU HMS I/II 80:20 scrap in containers has been heard at around $375/mt CFR Chattogram this week, compared to around $378/mt CFR Chattogram last week. “Bids may fluctuate slightly, but buyers are currently maintaining their indications around these levels,” a source in the market told SteelOrbis. Meanwhile, ex-UK/EU shredded scrap in containers has been heard at around $405-406/mt CFR Chattogram, remaining broadly in line with the levels observed last week. A market insider stated that Bangladeshi buyers have not been very active in negotiations for shredded since current prices are not considered feasible.
As for ex-Australia material, HMS I/II 80:20 scrap in containers has been offered at around $380/mt CFR Chattogram this week, while bids have been heard at around $365/mt CFR Chattogram. In the shredded scrap segment for the same origin, buyers’ bids have reportedly been heard at around $385/mt CFR Chattogram this week, indicating that buyers are continuing to target lower workable levels in line with the softer overall market sentiment.
On the US side, HMS I/II 80:20 scrap in bulk has been offered at $405-410/mt CFR Bangladesh this week, broadly in line with the latest available reference for ex-USWC HMS scrap offers heard two weeks ago. No transaction has been confirmed at these levels at the time of writing, while market participants have stated that importers remain reluctant to commit to fresh bookings unless sellers accept lower prices. Trading activity has remained very slow, while restricted access to trade financing and uncertainty over possible tax and duty increases under the FY 2026-27 budget have continued to weigh on procurement decisions. Market participants have also indicated that buyers are likely to remain cautious in the short term, with demand expected to recover only gradually once there is clearer visibility on finished steel sales and budget-related cost pressures.
$1 = BDT 123.00
