BANGLADESH STEEL SCRAP: Bulk market in standoff amid high prices High prices for deep-sea cargoes of scrap are preventing fresh deals involving bulk shipments into the key Bangladesh import market, sources have told Fastmarkets. A bid for a bulk cargo of shredded scrap from the United States was heard at $490 per tonne cfr Bangladesh over the last week, but no sales were concluded. Sellers said on Thursday March 4 that acceptable prices for bulk cargoes of shredded scrap were no lower than $500-510 per tonne cfr Bangladesh.
Seller indications were as high as $510-520 per tonne cfr Bangladesh for US-origin composite deep-sea cargoes comprising a mixture of heavy melting scrap 1&2 (80:20) and shredded scrap, a South Asian trading source said.