- 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 $5-10/t w-o-w.
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