Posted on 14 Mar 2025
Bangladesh’s scrap market saw slight improvement this week following a subdued start to Ramadan. While overall buying remains weak, imported scrap offers declined by $5-7/t on the week, notes Kallanish.
Australia-origin HMS was heard at $360-363/t cfr Chattogram, while offers for shredded scrap were limited. GI bundles from the Philippines were priced at $330-335/t cfr.
“The market showed some improvement compared to last week’s quiet conditions. However, overall demand remains sluggish. Rebar producers have also reduced prices by BDT 2,000/t, and any significant demand shift is expected only after Ramadan ends,” a Dhaka-based scrap trader told Kallanish.
Meanwhile, Bashundhara Multi Steel Industries (BMSIL) is set to begin operations by mid-2026 at the National Special Economic Zone in Mirsarai, Chattogram. The facility will house the world’s largest single-strand mini mill for long steel products.
With a capacity of 1.25 million tonnes/year, BMSIL will be Bangladesh’s first producer of rebar coils and wire rods. Over 50% of the site has been developed, with plans to build a jetty on the Sandwip Channel for raw material imports.
BMSIL has ordered a Danieli MIDA mini mill, capable of producing over 1 mt/y of rebar and wire rod, making it the most productive single-strand mini mill globally.
Source:Kallanish
