Rebar demand remained constant in domestic market of Bangladesh amid stability in prices, as per SteelMint’s weekly assessment.
As per assessment, currently the local rebar prices in Dhaka, Bangladesh of mid size mills is hovering around BDT 57,000-58,000/MT (USD 680-692) for 500W.
Meanwhile it is being learned that, few mid size re-rollers have adjusted their production levels as per limited demand through the traders/dealers.
However productions through the large manufacturers have reported on full capacities and no supply burden have been heard through the sources and although discounts being stated. The current rebar offers by large producers stated at around BDT 65,000-66,000/MT (USD 775-787). The prices mentioned above are ex-works & including local taxes.
Further, the local Billet prices in Dhaka, Bangladesh reported to be firm and the fresh deals reported at around BDT 49,000- 49,500/MT (USD 584-590/MT).
Scrap: Local melting Scrap prices in Bangladesh are hovering around BDT 35,000-35,500/MT (USD 417-423) excluding taxes.
Sponge iron import offers: Indian sponge iron export offers to Bangladesh remain firm and are assessed at USD 365/MT, CFR Chittagong. As per participants, the producers are booking material as per their requirement.
Imported Wire Rod offers for 5.5mm reported at around USD 570/MT CNF Bangladesh of Chinese cargo, as per last assessment.
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