Sponge iron export demand strengthened with fresh deals concluded to Nepal as well as during last week for Bangladesh. The both neighbours are the key buyers of steel made by mid sized mills in eastern India.
News ID: 6456 Publish Date : 2019/09/12
Imported HRC offers to Bangladesh have come down further this week by USD 10-20/MT.
News ID: 6410 Publish Date : 2019/09/06
Medium sized re-rollers in Bangladesh have reduced their rebar offers against last week assessment due to inadequate demand of finished steel which has narrowed down post Eid festivals.
News ID: 6382 Publish Date : 2019/09/05
In conversation with the market participants, SteelMint learned that after returning post Eid holidays, the imported scrap offers to Bangladesh have continued to slide down this week, with decent trades being reported even as few of the participants have not fully returned back. Domestic market observed downtrend in prices on overproduction of finished steel exceeding the current demand.
News ID: 6179 Publish Date : 2019/08/26
Sponge iron export activities resumed for Bangladesh which remained silent last week due to Eid festive in the country.
News ID: 6177 Publish Date : 2019/08/26
Medium sized re-rollers in Bangladesh have kept their rebar offers unchanged against last week's assessment. However limited buying inquiries amid seasonal slowdown have urged them to offer trade discounts depending upon quantity.
News ID: 5726 Publish Date : 2019/08/05
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have been stabilized this week, however, the domestic market situation remained sluggish amid heavy rains and upcoming holidays for Eid in the country.
News ID: 5723 Publish Date : 2019/08/05
Medium sized re-rollers in Bangladesh have reduced their rebar offers sharply owing to limited buying inquiries from the traders and associates. Also ongoing monsoons have kept rebar demand dull in the country.
News ID: 5546 Publish Date : 2019/07/29
Medium sized re-rollers in Bangladesh have reduced their rebar offers sharply owing to limited buying inquiries from the traders and associates. Also ongoing monsoons have kept rebar demand dull in the country.
News ID: 5545 Publish Date : 2019/07/29
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have softened on an overall lowered buying interest from South Asian markets in addition to low domestic demand. Following the decent restocking and bulk bookings in the last couple of weeks, the trade activities remained sluggish this week with few deals for maintaining inventories being observed.
News ID: 5514 Publish Date : 2019/07/28
Global ferrous scrap prices showed stability in major markets with indications of prices bottoming out in the Japanese market in the coming days. US suppliers from west coast remained comparatively active offering bulk to South East Asian markets than east coast sellers offering to Turkey and South Asia. Chinese domestic scrap prices rise on supply tightness.
News ID: 5472 Publish Date : 2019/07/25
In recent conversation with industry participants SteelMint learned that steel mills in Bangladesh have turned active for bulk bookings. It is learnt that 2 bulk cargos for ferrous scrap were booked recently from USA and Japan, to Bangladesh
News ID: 5240 Publish Date : 2019/07/17
Global ferrous scrap prices observed mixed trend this week. Turkey observed softening on a standoff between buyers and sellers which has resulted in a sharp correction in global offers towards the closing of the week.
News ID: 5236 Publish Date : 2019/07/17
Medium size re-rollers in Bangladesh have slightly increased their rebar offers towards the beginning of the week due to changes in tax structure.
News ID: 5141 Publish Date : 2019/07/13
Indian Sponge iron export offers to Bangladesh continued down trend on account of falling prices in Indian domestic prices.
News ID: 5122 Publish Date : 2019/07/11
Medium size re-rollers in Bangladesh have increased their rebar offers following budget announcement however trade volumes remain limited as market awaits further clarity on budget.
News ID: 5036 Publish Date : 2019/07/06
According to bulk vessel line up data compiled by SteelMint, Bangladesh has observed an increase in bulk imports of raw materials like coal and steel scrap, semi-finish products like HBI and Pig Iron while finished products like steel coil in FY19 (Jul’18-Jun’19) as compared to the earlier fiscal.
News ID: 5014 Publish Date : 2019/07/04
In recent conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China registered increase by USD 20-25/MT in line with hike in export offers from China this week.
News ID: 4970 Publish Date : 2019/07/01
In conversation with market participants, SteelMint learned that Bangladesh has continued to observe downslide in imported scrap prices since past few weeks. Prices inched down further on weekly basis while decent trades were reported this week.
News ID: 4966 Publish Date : 2019/07/01
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have significantly dropped this week following the continued downtrend at the global level.
News ID: 4876 Publish Date : 2019/06/23
