Tag: monsoon impact steel
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Bangladesh: Imported scrap prices rise by up to $7/t w-o-w despite steel sector sluggishness
Suppliers lift offers amid better demand in local markets Liquidity crunch, monsoon rains exert downward pressure Bangladesh’s imported scrap prices increased by $5-7/tonne (t) w-o-w, despite market activity in Bangladesh’s steel sector remaining sluggish. The moderate price hike could be attributed to higher offers from suppliers, especially as UK/EU- and US-based suppliers witnessed better demand…