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17 May

Bangladesh scrap offers rise despite limited intake, demand

The approaching monsoon, coupled with current market sluggishness, have reduced scrap-booking sentiment in Bangladesh. However, offers inched up this week, especially after the series of bookings concluded in Turkey at elevated prices. Letters of credit issuance remains slow in Bangladesh and construction demand is diminishing, ultimately worsening sentiment in the nation, sources tell Kallanish. According to sources, US-origin bulk HMS, shredded, and bonus offer…
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