Tag: South Asia imported scrap market
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South Asia: Imported scrap trade picks up as prices fall, Bangladesh returns
South Asian countries’ buyers remained active in booking imported scrap, except for India. Interestingly, Bangladeshi buyers broke the silence and booked scrap after the FY2022-23 budget announcement. A total of 3,500 t of HMS scrap was sold at $500/t. Around 7,000 t of shredded material was booked at $545/t. In another deal, 1,000 t of…