Bangladesh: Mill books bulk scrap cargo from USA as prices drop

  • In a recent deal, 35,000 t of US-origin mixed bulk cargo was booked for Jun’22 shipment, SteelMint learnt from sources.
  • The deal was concluded at $565/t CFR Chittagong for shredded scrap.
  • Prices have dropped significantly by $30/t compared to last week, tracking the decline in global scrap prices.

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