Tag: Q1CY25 ferrous scrap imports drop

Key suppliers see shipment declines Weak demand, LC issues impact imports Bangladesh’s bulk ferrous scrap imports in Q1CY’25 dropped 35% q-o-q to 0.67 million tonnes (mnt), from 1.03 t in Q4CY’24. On a y-o-y basis, imports decreased by 3% compared to 0.69 mnt seen in Q1CY’24. In March 2025, the United States was the leading…