Tag: ferrous scrap freight costs
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Bangladesh: Higher freight costs support scrap prices w-o-w despite weak demand
Higher freight costs keep scrap buyers cautious Limited transactions reflect cautious mill procurement Bangladesh’s imported ferrous scrap market remained subdued during the week ended 14 October, as weak finished steel demand and cautious mill procurement limited trading activity. Firm freight rates and rising landed costs kept buyers selective, while suppliers continued negotiating to secure deals.…