Bangladesh: Bulk imported scrap price drops by $45 w-o-w in a recent booking

A Bangladesh-based major steel mill has booked Japanese bulk scrap cargo for Feb’21 shipment, credible sources have reported to SteelMint. Around 15,000 t of Japanese H2 has been booked at around $425-430/t CFR Chittagong basis. Prices have come down by $45 w-o-w. However, fresh offers for Japanese bulk H2 cargo have further declined and are being quoted at $415-420/t CFR levels.