Tag: Bangladesh steel industry

  • Bangladesh: Imported scrap market remains subdued amid weak demand

    Bangladesh: Imported scrap market remains subdued amid weak demand

    Financing constraints continue impacting mill purchases Higher electricity costs pressure steelmakers’ margins Bangladesh’s imported ferrous scrap market remained quiet during the week ended 24 June, with limited buying interest as weak steel demand, financing challenges, and uncertainty surrounding the recently announced national budget continued to weigh on sentiment. Most mills remained cautious and refrained from…