Author: Anshuman
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Bangladesh: Imported ferrous scrap prices drop w-o-w as sellers test market amid eased LC approvals
In Bangladesh, demand for imported scrap improved post-January elections, driven by improved LC approvals and heightened domestic steel production and sales. However, offers dropped which activated the market lately. It may be recalled, imported ferrous scrap offers had remained on the higher side over the last two weeks at $445-450/t for shredded and $420/t for…