Bangladesh: Rebar Offers of Medium Mills Remain Unchanged
Bangladesh based medium mills have kept their Rebar offers unchanged this week following stability in raw material prices and average trade volumes.
SteelMint learned that, presently local finished steel demand in Bangladesh is on average basis and trade movement is noticed for across regions with limited trade discounts.
As per weekly assessment, mid size mills are offering Rebars in Dhaka, Bangladesh at around BDT 58,000-58,500/MT (USD 692-698); same as against last week, 500 W. The prices are ex-works, Dhaka, including local taxes & size 8-32 mm.
In line domestic Billet prices, the Bangladeshi mills have maintained prices and reported at around BDT 49,500-50,000/MT (USD 590-597); stable as against last week, ex-works in Dhaka.
Sponge iron import offers: Following surge in Indian domestic sponge prices, the export offers being surge and currently evaluated at USD 330-335/MT CNF Chittagong. Meanwhile as per sources there is no fresh bookings and the last purchase reported at close to USD 325-330/MT CNF Chittagong, Bangladesh.
source: SteelMint
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