Bangladesh Mill Books 32,000 MT Bulk Scrap Cargo from US
Bangladesh scrap market has turned active in terms of bulk scrap bookings. The steel market has witnessed another fresh bulk cargo bookings this week.
In a recently concluded deal, a Chittagong based major steelmaker has booked a bulk vessel with 32,000 MT of mixed cargo from a USA origin recycling yard, comprising of Shredded scrap at USD 305/MT HMS scrap at USD 300/MT and Bonus (P&S) at USD 310/MT CFR Chittagong. The shipment for the same is expected in Jan' 20.
Bulk offers for India also stand at mostly similar levels at around USD 305/MT CFR Kandla for Shredded and USD 300/MT CFR for HMS scrap.
Another recent booking of a Japanese cargo to a Chittagong based mill was heard from trade sources, with 23,000 MT cargo mainly comprising of H2 scrap, however the price levels for the same could not be confirmed as yet.
Containerized scrap offers firm - Imported scrap offers to Bangladesh in containers remain stable amid slow trading activity in the last couple of weeks, however market participants believe that buying is expected to improve in the coming days. Offers for Shredded scrap stand at USD 296-300/MT CFR Chittagong.
On the other hand, prices for containerized HMS scrap remain flat, with offers for HMS 1 and HMS 1&2 (80:20) were reported at around USD 285/MT and 275-280/MT CFR respectively.
source: SteelMint
Related News
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
