Tag: Bangladesh: Imported ferrous scrap prices rise up to $5/t w-o-w; demand dull amid construction halts

Bangladesh’s imported ferrous scrap price increased but demand continued to remain downward due to halted government projects that consume a major share of domestic steel. A Bangladeshi steel mill representative said, “We are buying scrap slowly as finished steel sales are low. We are producing around 60% of our capacity. We have stock in the…