Bangladesh based major steel mills have booked nearly three-four bulk scrap cargoes from US and Australia recently on restocking ahead of Ramadan holidays, credible sources highlighted to SteelMint. Deal prices for concluded US bulk bookings were heard to be at $455-465/t CFR for HMS. However, after this fresh offers have risen to $470/t CFR levels. The country imported 0.16 mn t scrap via bulk route in Mar’21 as against 0.11 mn t a month ago, as per vessel line up data maintained with SteelMint.
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