Tag: VAT on steel Bangladesh
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Bangladesh: Imported scrap prices decline w-o-w as weak steel demand and higher production costs weigh on buying
Weak construction demand limits scrap buying Need-based procurement keeps trading activity slow Bangladesh’s imported ferrous scrap market remained subdued during the week ended 8 July as monsoon-related disruptions continued to weigh on construction activity and finished steel demand. Mills limited purchases to immediate requirements, while wide bid-offer gaps restricted fresh import bookings. Buying activity remained…