Bangladesh: Bulk ferrous scrap imports up marginally by 3% in Dec’20

Bangladesh bulk ferrous scrap imports up marginally by 3% m-o-m to 0.30 mn t in Dec’20, witnessing a fourth successive hike on a monthly basis, as per vessel line up data maintained with SteelMint. Bangladeshi mills have actively restocking cargo in order to avoid scarcity due to winter shortage. USA, Japan and Netherland remained key bulk scrap suppliers to Bangladesh in Dec’20.