Tag: Bangladesh Bank LC decision
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Bangladesh: Imported scrap prices up $5/t w-o-w; major mills cut steel prices to boost demand
Imported scrap offers follow global cues Major steel mills cut rebar prices Bangladesh Bank lifts restrictions on LC openings for 6 banks In Bangladesh, UK-origin shredded scrap prices rose following global cues despite sluggish demand, LC constraints, and construction delays impacting the market. European HMS (80:20) was offered, while the containerised scrap market stayed quiet…