Tag: Bangladesh: Sluggish steel demand and weak mill economics pressure imported scrap trade

Finished steel sales remain weak amid monsoon disruptions Domestic scrap gains preference over higher-priced imports Bangladesh’s imported ferrous scrap market remained subdued during the week ended 5 August as weak finished steel demand, monsoon-related disruptions, and ongoing LC (letter of credit) constraints continued to limit fresh import activity. While international scrap prices remained broadly firm,…