Bangladesh continues bulk steel scrap bookings but sources sense softer fundamentals
More bulk cargoes of steel scrap materials that were booked to Bangladesh last week from the US West Coast came to light on Thursday September 14, but trading activity has tailed off this week on lower sentiment in India, Fastmarkets has heard.
• Further cargoes booked to Bangladesh over past seven days
• Lower bids in India hurt sentiment in Bangladesh for future deals
• Scrap prices to Taiwan rangebound amid unchanged rebar fundamentals.