Bangladesh: Steel mill books Australian bulk scrap cargo

  • A recent deal of Australian origin has been confirmed for Bangladesh at a low price.
  • The cargo contained 14,000 t bonus at $498/t, 13,000 t of shredded at $488/t, and 3,000 t HMS at $478/t CFR Bangladesh.
  • Bulk buying was less in February due to the weakening of currency and LCs opening restrictions from Bangladeshi banks. These factors made imports costlier.

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