Bangladesh: Imported HRC Market Gains Momentum; Deals Reported
Market sources shared with SteelMint that steel importers based in Bangladesh are actively booking imported HRC from China, Japan and Korea for June shipments.
As per the update received, last week an steel importer based in Bangladesh booked 10,000 MT HRC ( 2mm,thinner gauge) at USD 560/MT CFR basis from Chinese steel major - Baosteel for June shipments.
However, towards mid of this week, few Chinese mills have raised offers to USD 540-545/MT, FoB China. This would translate imported offers to Bangladesh at USD 580/MT, CFR Bangladesh.
Last week SteelMint reported that Bangladesh based steel importer books 15,000 MT of HRC with Japanese based Nippon steel at USD 565/MT CFR basis for May end June shipments.
Bangladesh bulk vessel HRC import data in Apr’19- As per provisional data maintained with SteelMint, Bangladesh bulk vessel imports in Apr’19 stood at 85,846 MT up by 9% against 78,548 MT in Mar’19.
source: SteelMint
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
