Import scrap prices mainly stable in Bangladesh, downward bias in some offers

Friday, 26 January 2024 15:53:46 (GMT+3)   |   Istanbul
       

Trade activity in the import scrap market in Bangladesh has remained limited this week given that most buyers have been affected by the dollar crisis and difficulties in opening letters of credits (LCs). Meanwhile, most offers for scrap both in containers and in bulk have remained stable, though with a downward bias in some offers for ex-EU containerized scrap in particular.

More specifically, offers for ex-EU shredded scrap in containers have been voiced at $440/mt CFR, down by $5/mt on the higher end of the range over the past week, with no new deals reported so far. However, several deals for around 3,000 mt in total for ex-Australia shredded scrap have been heard at $435/mt CFR, the same as last week. Besides, more deals for ex-Australia HMS I/II 80:20 scrap have been signed at around $425/mt CFR, according to sources. Furthermore, a deal for ex-Malaysia PNS scrap are reported to have been signed at $445/mt CFR, versus $440-445/mt CFR last week.

In the bulk segment, trade has continued to be weak, with indicative offers for ex-US HMS I/II 80:20 scrap standing at $425-435/mt CFR, the same as last week, while prices for ex-Japan H2 have been assessed at around $430/mt CFR, following a deal for 15,000 mt signed last week through the Kanto export tender at approximately JPY 53,081/mt ($362/mt) FAS, which translated to around $430-435/mt CFR.


Similar articles

US scrap markets seen sideways for December following recent strong November settles

22 Nov | Scrap & Raw Materials

Turkey’s deep sea scrap prices continue their sharp fall

21 Nov | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 47, 2024

21 Nov | Scrap & Raw Materials

Import scrap prices decline in Bangladesh, more decreases expected

21 Nov | Scrap & Raw Materials

Turkey’s import scrap market takes a dive

20 Nov | Scrap & Raw Materials

Import scrap prices down in Pakistan, trade hit by low demand and smog

20 Nov | Scrap & Raw Materials

Local Chinese scrap prices still post only small changes, but negative bias persists

20 Nov | Scrap & Raw Materials

Russia may extend quotas on scrap exports outside EAEU to end of 2025

20 Nov | Steel News

Import scrap prices in India soften amid higher local raw material and finished steel stocks

20 Nov | Scrap & Raw Materials

November US Northeast scrap prices settle mixed versus October amid steady export scrap demand and limited mill buying

20 Nov | Scrap & Raw Materials