Tag: Bangladesh bulk scrap imports

Bangladesh’s bulk steel scrap imports rose by 39% in CY’20 as compared to CY’19. Bulk import volumes stood at 2.32 mn t in CY’20, as per data compiled with SteelMint. USA remained the largest supplier at 1.22 mn t (up 37% y-o-y) followed by Japan and Australia at 0.8 and 0.16 mn t respectively.  After Government imposed import duty, billet imports to Bangladesh became non-viable since last five years. Steel melting capacity have…