Date: 09 May 2019 , 12:08
News ID: 4463
NEWS SERVICE: IRON and STEEL

Bangladesh Re-Rollers Keep Rebar Offers Unchanged

Bangladesh based large & medium scale mills have kept their rebar offers unchanged this week and trade activities are supported up to certain level, SteelMint learned with the re-rollers in Dhaka.
Bangladesh Re-Rollers Keep Rebar Offers Unchanged

As per sources, trade volumes are more or less in same range and response through the participants improved slightly in comparison to past week due to upcoming Ramadan festival as traders and retailers have procured material for restocking.

Material procurement has been considered in view of upcoming festival where transportation availability won’t be appropriate during the festival time and buying inquiries generally exist with tight supply.

The mid sized mills rebar prices in Dhaka, Bangladesh is hovering at BDT 59,500-60,500/MT (USD 705-717) for 500 W; unchanged on weekly basis. The prices are ex-works, including local taxes & size 8-32 mm.

Further, the large mills have rolled over rebar offers this week and offering at BDT 63,500-64,500/MT (USD 752-764), similar against last week offers. The prices are ex-works, including local taxes & size 8-32 mm.

In line domestic billet prices, the Bangladeshi mills unaltered prices and reported at around BDT 51,000-51,500/MT (USD 604-610) ex-works in Dhaka.

Sponge iron (FeM 78-80) import offers from India currently evaluated at around USD 325-330/MT, which was last week assessed at USD 330/MT; CNF Chittagong, Bangladesh.

source: SteelMint
Bangladesh Rebar Trade SteelMint sponge iron
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