06
Apr
16:16
Stringent financing policies slash Bangladesh imported scrap further
The prevailing issues of delayed financing in Bangladesh have become more severe as authorities have decided to further limit opening letters of credit (LC), thus making scrap imports more difficult.
Moreover, falling global sentiment and low steel demand amid Ramadan have further dampened booking confidence among scrap buyers in the nation. Despite low offers, therefore, not many deals were concluded this week, Kallanish notes.
"Because of Ramadan, there is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous