Author: Manish Vasdev
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Bangladesh: Steel Prices Slump on Poor Inquiries, Falling Scrap Prices
The local steel prices in Bangladesh slumped by about BDT 2,000/MT (USD 24), as per SteelMint’s weekly assessment. The prices continue to fall in line with sluggish domestic demand and falling local ship cutting plate prices which caters almost 40-50% of country’s total steel production. As per a mill owner in Dhaka, currently the local…