Asia deep-sea ferrous scrap cargo bookings jump above 400kt in January

Purchases of deep-sea steel scrap cargoes to Asian markets rocketed to around 435,000 tonnes in January 2023, according to estimates from market participants.

The total was up sharply from an estimate of 158,000 tonnes heard bought in December 2022 after Bangladesh returned to the deep-sea market for cargo. At least one major Bangladeshi mill...