Tag: Bangladesh: Imported ferrous scrap index fall by up to $4/t w-o-w; nominal trades amid LC constraints

The imported ferrous scrap index for Bangladesh witnessed a w-o-w decline, primarily driven by the drop in bulk scrap offers with reduced interest in purchasing, due to weak steel demand and a slowdown in construction activities during the monsoon season. Assessment prices: BigMint’s assessment of Europe-origin containerised shredded remained largely stable w-o-w at $400/tonne (t),…