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20 Sep

Bangladesh scrap market remains silent on subdued sentiment

Delayed financing coupled with sluggish domestic steel demand has pushed down sentiment in Bangladesh; as a result, very limited scrap transactions have been made this week. A recent fall in local scrap prices has further dampened Bangladeshi mills’ imported scrap bids, sources tell Kallanish. Sellers are also sceptical about offering large tonnages to Bangladesh amid the financing issues and prefer to shift their allocations to the easy-going Indian market,…
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Sayed Aameer  |  India
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