Tag: squeezed steel margins and higher production costs dampen imported scrap demand

Weak longs demand pressures imported scrap market Monsoon, higher power costs keep mills on sidelines Bangladesh’s imported ferrous scrap market remained under pressure during the week ended 15 July as sluggish long steel demand, monsoon-related disruptions, and rising production costs continued to dampen buying interest. Mills largely restricted purchases to immediate requirements, while widening bid-offer…