Bangladesh an emerging market and one of the largest buyer of steel and raw material, has imported 0.3 MnT coal in Mar’18 and shows less buying interest for scrap in March.
As per bulk vessel line up data, total 13 bulk vessels discharged at Chittagong (Bangladesh) port in Mar’18 against 09 bulk vessels in Feb’18.
In March total 7 bulk vessel of coal from Indonesia and South Africa, 1 Bulk vessel of Scrap from USA and 5 vessel of HRC from Malaysia and Japan reported.
Buyer’s expressed less interest in placing new shipment order for scrap this month as the rebar prices are declining in domestic market. Last week one cargo of 35,000 MT booked from USA at around USD 430/MT CFR Chittagong port.
One Billet Shipment from Qatar expected in Apr’18 on vessel Fortune Wing caring 50,000 MT cargos, expected to reach Chittagong port on 8 Apr’18.
SteelMint Analysis for January Bulk Import
1. Coal Import increased four times and up by 460% M-o-M
2. 80% of coal shipment from Indonesia and rest from South Africa
3. Scrap Import fall by 59% and lowest since Jul’17
4. In first 9 Month of Financial Year (Jul’17-Mar’18) scrap import up by 31% Y-o-Y
5. HRC import fall by 20% in current financial year (Jul’17-Mar’18) Y-o-Y
6. No Billet , HBI and bulk Pig iron shipment recorded in March’18
Bangladesh Bulk Import in FY18 (July’17 – June’18)
| MONTH | Coal | SCRAP | HBI | HRC | BILLET | PIG IRON |
| Jul’17 | – | 20,050 | – | 3,160 | – | – |
| Aug’17 | 100,530 | 41,600 | – | 80,820 | 27,400 | – |
| Sep’17 | 55,000 | 106,520 | 27,050 | 54,000 | 54,300 | 31,500 |
| Oct’17 | 292,950 | 123,420 | 53,800 | 89,700 | – | – |
| Nov’17 | 531,260 | 177,950 | – | 59,910 | – | – |
| Dec’17 | 467,100 | 147,090 | 48,850 | 91,013 | – | – |
| Jan’18 | 262,560 | 90,650 | 31,200 | 46,260 | – | 25,000 |
| Feb’18 | 55,000 | 75,980 | 55,000 | 95,420 | – | 25,000 |
| Mar’18 | 308,118 | 31,210 | – | 83,465 | – | – |
| TOTAL | 2,072,518 | 814,470 | 215,900 | 603,748 | 81,700 | 81,500 |
Qty in MT
Source: SteelMint Stats, Custom
Provisioanl Data
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