Tag: Bangladesh: Containerised scrap prices continue to rise w-o-w; limited inquiries amid moderate steel demand

Upcoming Eid closures and the monsoon season likely to keep the market sluggish. Industry expects BDT to depreciate to 120 against USD by year-end. Bangladesh’s budget criticised for neglecting steel sector reforms. Imported ferrous scrap offers into Bangladesh remain firm however, current steel demand and production levels indicated that rebar, and billet prices are expected…