Author: Reena
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Bangladesh: Import scrap market muted, prices decline
The imported scrap market in Bangladesh is subdued due to Ramadan. Market players expect that LC openings will remain restricted after the Eid holiday. Mills have lowered domestic rebar prices due to lower electricity bill payments and low demand from end-users. SteelMint’s assessment for UK-origin shredded scrap in containers stands at $495-500/t CFR, down by…