06
Sep
15:35
Bangladesh scrap intake lulls, sellers prefer India
Amid a lull in Turkish scrap purchases, coupled with prevailing financing issues and sluggish demand ahead of elections, Bangladesh mills have halted bulk scrap intake.
The majority of buyers have letters of credit (LCs) pending, so sellers are sceptical to offer further in Bangladesh as they feel India is a better option now, sources tell Kallanish.
“The current market conditions in Bangladesh are very slow because of the monsoon-led drop in finished stee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous