Tag: Bangladesh: Imported scrap prices witnessed a rise of $3/t w-o-w amid supply crunch and nearshore sourcing

Scrap prices rise due to near-shore sourcing Lack of new govt projects dampens steel demand Bangladesh’s imported containerised scrap prices saw a slight uptick this week as the global scrap market strengthened amid a supply crunch. Due to the unfeasibility in purchasing scrap from distant origins like the UK and US, Bangladesh is sourcing higher-priced…