Tag: LC issues

Bangladesh: Imported scrap offers continue to fall; LC concerns stifle new inquiries

Oct 23, 2024

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by

Anshuman

in Melting Scrap

Limited fresh import inquiries amid ongoing LC issues Falling BDT keeps outlook for Q4 2024 bleak Ship recycling sector slows down amid rising inflation Bangladesh’s imported ferrous scrap inquiries remain weak with bid levels falling by $5-6/t w-o-w in the market. Indicative prices for shredded material from the EU and UK stood at $400-405/t, but…