Tag: Bangladesh LC challenges
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Bangladesh: Imported scrap prices rise by up to $9/t w-o-w; inquiries weaken amid high inventories
Weak steel demand dulls outlook for early-2025 Ongoing LC issues cap smaller mills’ buying capacity The Bangladesh imported scrap market remained slow this week due to ongoing LC challenges and weak finished steel demand. Imported scrap prices increased by $9/tonne (t) although steel mills and importers reported limited buying interest as ample inventories and subdued…