Bangladesh Steel Mill Books 15,000 MT HRC from Japan
SteelMint in conversation with market sources learned that one of the major CRC and galvanized steel producer in Bangladesh has booked HRC from Japan for May shipments.
As per the update received, the steel mill has booked 15,000 MT HRC ( 2mm,thinner gauge) at USD 565/MT CFR basis from Japan based Nippon Steel for May shipments.
Meanwhile Chinese steel mills continue to offer HRC on higher side amid bullish sentiments in nation’s domestic market.
Currently Chinese steel mills are still offering HRC (2mm) to Bangladesh at around USD 570-575/MT CFR Chittagong port.
Market participants commented that,”Currently steel importers based in Bangladesh are negotiating for imported HRC with the mills based in India,China and Taiwan for May shipments”
Also major steel mill based In Taiwan is offering imported HRC to Bangladesh at USD 568/MT CFR Chittagong port for May shipments.However no major deals concluded yet.
Bangladesh bulk HRC import data surge in Mar’19- As per provisional data maintained with SteelMint, Bangladesh bulk vessel imports in Mar’19 stood at 78,548 MT upsurge by 76% against 46,260 MT in Feb’19.
source: SteelMint
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