Bangladesh: Steel mills books 12,000 t of bulk scrap cargo from Australia

  • Around 12,000 t of Australia-origin bulk scrap cargo comprising plate and structural materials was booked recently for Mar’22 shipment.
  • The booking price was heard at $565/t CFR Chittagong.
  • Sources mentioned that a couple of extra bulk scrap bookings from the EU and US have been concluded, although SteelMint is yet to receive confirmation.
  • Bangladesh imported 2.43 mnt of bulk scrap cargoes in CY’21 compared to 2.35 mnt in CY’20.

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