04
Oct
16:11
Delayed financing worsens Bangladeshi imported scrap sentiment
The Bangladeshi imported scrap market is being severely impacted by delayed financing and the situation is expected to prevail until the upcoming national elections in January.
With no new projects being implemented, domestic finished steel offtake has plummeted and, as a result, steel mills have reduced their production, sources tell Kallanish.
Suppliers, meanwhile, have also become cautious and prefer to sell in India. “Sellers do not want to take a risk …
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Anonymous
Very good overview of the weekly steel market.
Anonymous