Bangladesh: Scrap imports gather pace on restocking demand

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Around 5,000 t of UK-origin shredded scrap was booked at $580-585/t CFR Bangladesh, as per reliable sources.
SteelMint’s assessment for shredded scrap stands at $582/t CFR Chittagong, slightly higher by $2-3/t d-o-d.
Steel mills in the South Asian country are actively restocking scrap since winter is the most preferred season for infrastructure and construction activities.

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