Tag: Bangladesh: Imported ferrous scrap index up $5/t w-o-w

Bangladesh’s imported ferrous scrap index climbed up by up to $5/tonne (t), mainly driven by a rise in offers for containerised shredded and HMS (80:20) from Europe. Offers rose due to the hike in freight rates although workable offers continue to remain unchanged in a sluggish steel market and monsoon-affected construction sector. A supplier said,…