Tag: Synergy Trade Co.

Bangladesh: Imported ferrous scrap index down by up to $8/t w-o-w; cautious buying amid weak steel demand

Sep 18, 2024

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by

Adarsh Ramteke

in Melting Scrap

The imported ferrous scrap index for Bangladesh witnessed downtrend as bulk offers, primarily from Japan and the US, continued to trend downward with limited interest. H2 scrap prices dropped by up to $8/tonne (t) w-o-w, while US-origin HMS (80:20) bulk scrap saw a decrease of $3/t w-o-w. The primary factor behind the reduced demand for…