- No imports seen the US; Japan sees sharp drop
- Demand may rise post-Ramadan, LC issues persist
In February 2025, Bangladesh’s bulk ferrous scrap imports dropped 22% m-o-m to 180,164 tonnes (t), from 231,900 t in January 2025.
On a y-o-y basis, imports increased by 3% compared to 174,428 t seen in February 2024.
In February 2025, Australia was the leading bulk exporter to Bangladesh with 75,558 t, followed by Japan with 58,910 t, Singapore with 33,660 t, and others with 12,036 t
During January-February, 2025, Bangladesh’s total bulk ferrous scrap imports grew 7% to 412,064 t, compared to 382,946 t in the same period last year.
The drop in Bangladesh’s bulk ferrous scrap imports in February was driven by weak demand from key suppliers such as the United States and Japan. The United States recorded no bulk scrap exports to Bangladesh in February, while Japan saw a notable decrease in export volumes compared to January.
Factors contributing to scrap imports drop
Bangladesh’s imported bulk scrap volumes remained low in February due to sluggish steel demand and limited trade.
Mills kept bookings minimally ahead of Ramadan, facing weak rebar sales and ongoing LC challenges.
Bangladesh’s currency (BDT) closed at 121 per the US dollar (USD) in February 2025, slightly strengthening from 122 per USD in January 2025.
Outlook
Bangladesh’s bulk ferrous scrap imports may see a slight recovery post-Ramadan as mills resume bookings. However, demand will depend on liquidity conditions, LC availability, and rebar sales. Currency stability and supplier interest, especially from Australia and Japan, will also influence trade activity in the coming months.
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