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24 Apr
12:19

Bangladesh scrap market slows amid weak demand

Trading activity for imported ferrous scrap in Bangladesh remains sluggish even after the Ramadan month and Eid holidays in early April, notes Kallanish. While buying remains slow, sellers are showing reluctance to sell in the Bangladesh market due to stronger demand and better sales prospects in neighbouring India. Prices for Australia-origin HMS scrap are reported at $405-406/tonne, Canada-origin HMS1 (90:10) at $405/t and shredded at $430-435/t, Australia-orig…
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