Bangladesh: Bulk scrap bookings hit record high in March on container shortage

Bangladesh – is one of the world’s fastest growing economies and one of Asia’s most emerging markets in terms of ferrous scrap imports. With annual scrap imports of nearly 3.7 MnT made last year, Bangladesh based steel mills continue to increase scrap bookings. Bulk scrap bookings in Mar’20 hit record high.

Ms Nishtha Mukerjee, Head of Research and Mr Akshay Sharma Analyst, Global Ferrous scrap at SteelMint highlight the scenario of Bangladesh bulk scrap bookings, price trends, present challenges and an outlook