Tag: Bangladesh: Imported scrap prices up $5/t w-o-w and major mills cut steel prices to boost demand

Imported scrap offers follow global cues Major steel mills cut rebar prices Bangladesh Bank lifts restrictions on LC openings for 6 banks In Bangladesh, UK-origin shredded scrap prices rose following global cues despite sluggish demand, LC constraints, and construction delays impacting the market. European HMS (80:20) was offered, while the containerised scrap market stayed quiet…