Trades via containers improved in Bangladesh , while the same slowed down in India and Pakistan this week. Hike in container freight rates over shortage continues to remain matter of concern.
News ID: 8709 Publish Date : 2020/03/12
The medium scale steel mills in Dhaka, Bangladesh have kept their rebar prices firm over average demand prevailing in local market, SteelMint learned from its credible sources.
News ID: 8622 Publish Date : 2020/03/05
Just days after the conclusion of 2 US origin Bulk cargoes by a major Chittagong Steelmaker, a fresh bulk vessel booking has been confirmed another Bangladesh i mill, further cementing the drop in imported scrap prices to South Asian markets.
News ID: 8617 Publish Date : 2020/03/03
Imported scrap offers to Pakistan have come down in the last few days, after continuous uptrend for more than 3 weeks. Recent bookings in other markets at lowered prices, including a deep sea cargo to Turkey and 3 bulk cargoes to Bangladesh , have pulled down offers, while container shortage situation has led to a reduction in the number of offers from most suppliers.
News ID: 8612 Publish Date : 2020/03/03
Local scrap market in Bangladesh witnessed an uptick in sales, with most ship recyclers in Chittagong collectively hiking offers today. Ship yard’s melting scrap was sold at BDT 31,500/MT (USD 371) ex Chittagong and Ship plates (re-rollable) of 12-16 mm were sold at BDT 38,000-40,000/MT (USD 445-471) ex Chittagong. Prices have moved up by USD 15-20/MT W-o-W. New vessels being procured at higher prices as well as high imported scrap prices are likely to keep local scrap prices supported in the near future.
News ID: 8209 Publish Date : 2020/01/02
Imported scrap trades to Bangladesh remained very slow this week as most suppliers didn’t have sufficient material to offer, with many yards being closed for winter vacations. Inquiries from buyers also remained limited on account of low slow steel market and sufficient inventories. Some industry participants expect the demand to improve by Jan next year with many mills requiring restocking.
News ID: 8144 Publish Date : 2019/12/26
Bangladesh Ambassador in Tehran Gousal Azam Sarker underlined the need for developing economic and trade relations between his country and Iran, specially in area of carpet-weaving.
News ID: 8050 Publish Date : 2019/12/22
Medium scale mills in Bangladesh have inched down rebar offers amid slow trades. However raw material (melting scrap) prices continue uptrend.
News ID: 8038 Publish Date : 2019/12/13
Bangladesh scrap market has turned active in terms of bulk scrap bookings. The steel market has witnessed another fresh bulk cargo bookings this week.
News ID: 7964 Publish Date : 2019/11/29
Bangladesh 's bulk scrap market has remained quite active over the last one month with several bulk vessel bookings for November and December shipments being concluded, despite of the ongoing uptrend in prices.
News ID: 7413 Publish Date : 2019/11/08
Indian sponge iron exports observed a jump of 62% in first 6 months of FY20 (Apr-Sep'19) against the same period in preceding year. Exports have increased on account of rising demand from neighboring countries like Bangladesh , Bhutan and Nepal.
News ID: 7339 Publish Date : 2019/11/04
Medium scale re-rollers in Bangladesh have slightly reduced their rebar offers by BDT 500/MT (USD 6) against last week. The offers have come down on account of weak trade volumes due to liquidity crunch, as stated by participants to SteelMint.
News ID: 7302 Publish Date : 2019/10/31
Imported scrap trades to Bangladesh have turned very slow this week, with no major bookings being reported in the market, SteelMint learned from market participants. Offers to Bangladesh have marginally inched up while the global market has remained stable for over a week now. Although trades have remained limited in the previous few weeks, however, the recent fall in the local finished steel market amid subsided demand has aggravated the situation further.
News ID: 7299 Publish Date : 2019/10/31
Imported scrap offers to Bangladesh continued to rise sharply for yet another week, with the recent rise in the global market being reflected in offers to South Asia, SteelMint learnt from market participants. Trades in containers have turned slow over the last week, with uncertainty over the global trend as well as active bookings in the previous weeks, however as the market expects the prices to rise further in the winter months, buyers would look to actively restock in the coming weeks at favorable prices.
News ID: 7059 Publish Date : 2019/10/23
Bangladesh - which is the largest buyer of Indian sponge iron recent has resumed purchase which was slowed down since couple of weeks.
News ID: 6987 Publish Date : 2019/10/16
Bangladesh 's bulk scrap market continues to remain active with the 3rd bulk cargo booking in Oct’19 being reported this week. Steel capacity ramp ups in the country are pushing ferrous scrap imports up in Bangladesh .
News ID: 6984 Publish Date : 2019/10/16
Ambassador of Bangladesh to Iran Gousal Azam Sarker said a direct flight route is slated to be launched between the two countries in the near future in a bid to boost bilateral relations in diverse fields, including economy.
News ID: 6905 Publish Date : 2019/10/23
SteelMint learned from industry participants that Bangladesh steel market has recently turned very active for bookings of bulk vessels of ferrous scrap, with a few new players also joining the bulk market, as the country is witnessing aggressive expansion spree in steel melting capacities.
News ID: 6819 Publish Date : 2019/10/08
According to bulk vessel line up data compiled with SteelMint, Bangladesh has observed an increase in bulk imports of ferrous scrap, HRC & coal. While pig iron & billet reported nil volume imported during the month.
News ID: 6708 Publish Date : 2019/10/04
Imported scrap offers to Bangladesh continued to move down for another week, as persistent lower buying bids from most major steel-mills over the week helped in pulling down the prices further, SteelMint learnt from industry participants. Trades have remained slow in comparison to last week, with many buyers waiting for further stability in the market, however, buying is likely to pick up in the next few days at favourable prices.
News ID: 6697 Publish Date : 2019/10/03