Tag: Bangladesh: Imported scrap prices rise $3/t w-o-w; major mills reduce purchases amid ample inventories

Weak demand persists amid slow construction activity Domestic rebar producers maintain discounted prices In Bangladesh’s imported ferrous scrap market, Europe-origin scrap prices edged up by up to $3/tonne (t) w-o-w, following global cues. Meanwhile, steel production levels in major mills remained low, with operational halts in some mills impacting market sentiments. Bangladesh’s steel industry is…