- Bangladesh’s ferrous scrap imports in CY’24 reached 5.18 mnt (bulk and containerised shipments ), an 11% increase from 4.68 mnt in CY’23.
- The US was the leading exporter to Bangladesh, followed by Japan, Oceania and other East Asia region.
- The increase in imports was driven by strong buying power of financially stable Chattogram mills with better LC access, allowing them to prioritise shipments despite market challenges.
Bangladesh: Ferrous scrap imports rise over 10% y-o-y in CY’24
11% increase 4.68 mnt 5.18 mnt Bangladesh ferrous scrap imports Bangladesh: Ferrous scrap imports rise over 10% y-o-y in CY’24 better LC access bulk and containerized shipments Chattogram mills CY’22 CY’23 CY’24 East Asia financially stable mills import levels Japan market challenges Oceania prioritize shipments Scrap imports strong buying power US leading exporter
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