NEWS
IRON and STEEL   Transportation  

Bangladesh: Imported HRC Market Gains Momentum; Deals Reported

Market sources shared with SteelMint that steel importers based in Bangladesh are actively booking imported HRC from China, Japan and Korea for June shipments.

As per the update received, last week an steel importer based in Bangladesh booked 10,000 MT HRC ( 2mm,thinner gauge) at USD 560/MT CFR basis from Chinese steel major - Baosteel for June shipments.

However, towards mid of this week, few Chinese mills have raised offers to USD 540-545/MT, FoB China. This would translate imported offers to Bangladesh at USD 580/MT, CFR Bangladesh.

Last week SteelMint reported that Bangladesh based steel importer books 15,000 MT of HRC with Japanese based Nippon steel at USD 565/MT CFR basis for May end June shipments.

Bangladesh bulk vessel HRC import data in Apr’19- As per provisional data maintained with SteelMint, Bangladesh bulk vessel imports in Apr’19 stood at 85,846 MT up by 9% against 78,548 MT in Mar’19.

News No: 4431
Date: 2019/05/06 - 20:09
News Source: SteelMint

Bangladesh  HRC  SteelMint  China  shipments 

Comments:

Leave a Comment:

   
   
   
 

China hints at US farm purchases to end trade deadlock

Chinese companies are looking to buy agricultural products from the US, potentially giving a boost to stalled trade talks between the two countries.
 

China’s ferrous scrap prices rise to 2019 highs

China's ferrous scrap prices have risen to new 2019 highs, as high utilisation rates for electric arc furnaces (EAFs) and new restrictions on imports took effect from 1 July.
 

Silver-gold junior’s stock soars on boosted funding for Chile projects

Vancouver-based Aftermath Silver’s (TSX: AAG.H) stock was up over 20% Friday, after it announced it is increasing its non-brokered private placement from 18.7 million units to up to 25 million units at a price of C$0.08 cents per share.
 

China’s production and sales of motorcycles increased 2.83% MoM & 8.09% YoY in June 2019

According to the latest data from the China Association of Automobile Manufacturers (CAAM), production and sales of motorcycles in June improved across China both year-on-year, as well as month-on-month basis.
 

Chinese automakers hit by cash crunch on steady downturn in China’s new vehicle market for last four quarters

Continuous downturn in China’s new vehicle market for last four quarters has created cash crunch for a number of automakers, a report from Automotive News China says.
 

Indian Imported Scrap Market Standstill; Offers Rangebound

SteelMint learned from industry participants that Indian market has remained less viable for scrap imports for yet another week. Offer levels remained rangebound in very limited trades reported so far.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners