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The delayed issuance of letters of credit continues to impact scrap imports into Bangladesh. For the majority of steel mills, LC processing time is getting delayed by two to three weeks, meaning very limited deals were heard this week, Kallanish notes. Despite these underlying issues, offers remained flat on-week; however, buyers have lowered their bids following the softening sentiment in Turkey. Meanwhile, an offer for a US-origin bulk cargo containing 13,000 t…
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