Alibaba | Chuangcai Group | Caiju International Trade | Longjian Board Industry

language
- English
- 中文

Home page

Bangladesh Resumes Scrap Steel Purchases from South Korea

Category: Blog

Time:2026-04-21

According to market sources, Bangladeshi steelmakers have recently resumed imports of deep-sea scrap from South Korea after a prolonged suspension, securing a new shipment during the week of April 20. Rising costs driven by the ongoing Middle East conflict have pushed overall scrap prices higher. In particular, following a sharp increase in Turkish purchases, U.S. West Coast scrap has largely lost its economic viability for most Bangladeshi mills. Consequently, local steelmakers are actively seeking supply sources with shorter shipping lead times to meet production needs. It is reported that a deal for approximately 20,000 tonnes of South Korean deep-sea scrap was struck last week, with an CIF price of USD 410–412 per tonne for HMS 1&2 (80:20) and USD 425–427 per tonne for high-quality HS scrap (CFR). Sources note that Bangladesh has not imported such large volumes of scrap from South Korea in the past two to three years.

According to market sources, Bangladeshi steel mills have recently resumed importing deep-sea scrap from South Korea after a prolonged suspension, securing a new shipment during the week of April 20. Rising costs driven by the ongoing Middle East conflict have pushed overall scrap prices higher. In particular, following a substantial increase in procurement from Turkey, U.S. West Coast scrap has largely lost its economic viability for most Bangladeshi mills. Consequently, local steelmakers are actively seeking supply sources with shorter shipping lead times to meet production needs.
According to reports, a deal for approximately 20,000 tonnes of South Korean deep-sea scrap was struck last week, with the CIF price for HMS 1&2 (80:20) at USD 410–412 per tonne and the CFR price for premium-grade HS scrap at USD 425–427 per tonne. Sources indicate that Bangladesh has not procured such large volumes of scrap from South Korea in the past two to three years.
According to statistical data, in 2025 Bangladesh imported 19,000 tonnes of scrap steel from South Korea, a year-on-year increase of 430%; in the first quarter of 2026, imports already reached 11,500 tonnes, up 265% from the same period last year. For the full year 2025, Bangladesh’s total imports of ferrous scrap amounted to 5.34 million tonnes, a year-on-year rise of 3.4%. In December alone, imports totaled 440,000 tonnes, with the main supplying countries being Japan (approximately 175,000 tonnes), the United States (60,100 tonnes), Australia (56,000 tonnes), New Zealand (31,100 tonnes), and Singapore (26,000 tonnes).

Keywords: Bangladesh Resumes Scrap Steel Purchases from South Korea

Related Information

Submit

+86-18654318088

mike@chuangcaigroup.com

+86-532-57752682

Share your needs with us and get impressive cooperation and reliable products.

国际站建设：中企动力淄博外贸Google推广

WhatsApp：8618654318088

E-mail：wanglei@chuangcaigroup.com

Tel：+86-532-57752682

Bangladesh Resumes Scrap Steel Purchases from South Korea

Related Information

Company News

Chuangcai Group Helps Clients Establish a Strong Footprint in Albania

Warmly celebrate Changcai Company’s successful participation in UzBuild 2026 in Uzbekistan!

Chuangcai’s latest news: Trump puts further pressure on Iran, and coke prices see their first round of increase.

We warmly welcome UAE customers to visit our color-coated and galvanized steel plants.

Warmly celebrate that our Nepalese customer has successfully passed the inspection of all company products.

Chuangcai Group Co., Ltd. launches bright-finish galvanized steel sheets, leading the industry with advanced technology and superior quality.

Warm Celebration of the First Perfect Cooperation between Chuangcai Group Co., Ltd. and Azerbaijani Customers

Warmly celebrate the great success of Chuangcai Group Co., Ltd. at the Dubai exhibition.

Morning reading: The "14th Five-Year" Plan proposal clearly outlines the development direction and opportunities for the steel industry.

Special Meeting on Creative Color Group Corporation's Strategy for Managing Risks in the Indian Market

Warmly celebrate Chuangcai Group Co., Ltd.'s successful participation in Alibaba International's "Heroes Contest, Billion Battle to Fame" high-quality customer negotiation training.

Morning Reading: Iron ore prices rise above $105, first round of coke price reductions implemented

Warmly celebrate Shandong Longjian Board Industry Co., Ltd. for successfully passing the ISO9001 certification

Internal Company International Business Knowledge Collision: Wisdom Integration, Expanding Global Perspectives Together

Two groups of Indian clients visited the factory, securing 3.000 tons of new orders

What industries use galvanized steel sheets? What types are there?

What are the main applications of galvanized materials?

How to distinguish between galvanized sheet and cold-rolled sheet

The difference between galvanized steel sheet and cold-rolled steel sheet

Industry News

Pakistan Extends Anti-Dumping Duty on Chinese Steel Billets for Another Five Years at a Rate of 24.04%

Bangladesh Resumes Scrap Steel Purchases from South Korea

Canada’s First Quantum Minerals Partners with Hitachi to Deploy the World’s First Fully Electric Mining Truck at a Zambian Mine

Brazilian Mining Association: Mining Revenue Up 6% Year-on-Year in the First Quarter

2026 Statistics: South Africa’s February Mining Output Up 9.7% Year on Year

Egypt Imposes Safeguard Duty on Imported Steel Billets for a Period of Two and a Half Years

Sea freight rates for iron ore are diverging, with rates on the Pacific route strengthening and those on the Atlantic route weakening.

Ceasefire unlikely to ease Iran’s tight steel supply; semi-finished product prices may remain high.

Ukraine’s iron ore exports fell 33.9% year on year in the first quarter, primarily to China, Slovakia, and Poland.

Increased Chinese Purchases Drive March Global Iron Ore Exports Higher Month-on-Month

Ukrainian Railways’ scrap steel sales surged 220% in the first quarter, poised to set a new annual record.

Australia Bars Hong Kong Investor Yingde from Exercising Voting Rights in Northern Mining, Tightens Controls on Foreign Ownership of Critical Minerals

Uzbek Metallurgical Combine Plans to Procure 300,000 Tons of Iron Ore from Tajikistan

Attacks on Several Core Iranian Steel Mills May Further Heighten Uncertainty in the Middle East Steel Supply Chain

Global scrap steel prices rose across the board in mid-March, led by Turkey and the United States.

February Export Shipments from South Africa’s Saldanha Bay and Richards Bay Decline Month-on-Month for Both Ports

Strong Japanese demand combined with rising costs of alternative raw materials has driven Vietnamese imported scrap steel prices higher for the fourth consecutive week.

Rising freight rates and cautious procurement are putting pressure on the global scrap steel export market.

Vale and Anglo American to Shift Iron Ore Shipments from the Middle East to Asia

Kyrgyzstan Extends Ban on Export of Ferrous Metal Scrap for Another Six Months

Iron ore prices remain volatile at high levels, with Chinese port inventories surpassing 179 million tonnes.

South Asia: Divergent Trends in the Scrap Import Market, with Indian Buyers Becoming More Cautious

Tight supply coupled with the Middle East conflict has driven up freight rates, causing Brazilian slab prices to rise.

The blockade of the Strait of Hormuz is disrupting iron ore trade, forcing cargo ships to seek new destinations.

The situation in the Strait of Hormuz has prompted several iron ore vessels bound for the Middle East to reroute to China.

The export market price for Brazilian billets continues to rise. In February of this year, iron ore exports surged 12.5% year-on-year, with the average price climbing to US$73.4 per tonne.

Energy prices are soaring and freight rates are rising, while iron ore prices continue to climb.

Tensions in the Gulf have driven up the UAE’s domestic scrap steel index, while exports have slowed due to logistical uncertainties.

Soaring freight rates and the Gulf conflict have driven up Bangladesh's scrap steel import prices, while the Baltic Dry Index continues to rise.

Post-holiday restocking in China, coupled with geopolitical risks, has led to a general week-on-week increase in seaborne iron ore freight rates.

The Iran conflict is driving up freight rates, while declining shipment volumes are supporting higher iron ore prices.

Global scrap steel export prices remained stable on a weekly basis, and cautious buying activity continues to keep the market in a volatile pattern.

Japan's scrap steel export market prices remained broadly stable.

Turkey's scrap steel import market prices remain stable.

India and Brazil sign mining agreement; bilateral trade targets over $20 billion within five years.

The South African Mining Council recommends drawing on Finland’s mineral processing model to promote value addition in the mining sector and upgrade industrial structures.

Latest Developments in India’s Iron Scale Market in 2026: Prices Show Strong Momentum

The South African Mining Qualifications Authority will hold a Mining Skills Conference in late February to celebrate its 30th anniversary.

A storm is approaching Australia’s Pilbara region, prompting the closure of liquefied natural gas and iron ore ports.

South Africa and China Sign Framework Agreement on Trade and Investment

China's steel company, Baowu Resources, has acquired a controlling stake in the consortium for the Simandou iron ore project in Guinea.

Import prices for rebar and billets from the UAE remain stable.

Global imports of scrap steel saw a slight rebound, while costs in Turkey rose and pressure on India intensified.

Chuangcai’s Interpretation: The Fed’s Future Policy Direction Still Holds Uncertainty—A Brief Analysis of “Interest Rate Cuts, Balance Sheet Reduction, and a Stable U.S. Dollar”

The global precious metals market plunges; China’s Hubei steel mills conduct winter stockpiling surveys.

Chuangcai Latest News: Supply Increase and Demand Decrease for China's Five Major Steel Products, Chief Outlook on February Steel Prices

China Iron and Steel Association: Production Status of Plate and Strip Products from Key Statistical Enterprises as of December 2025

ChuangCai Consulting: Global crude steel production is projected to reach 1849 million tons in 2025, with a general rise in international commodity prices.

What structural changes will occur in China’s steel demand in 2026?

In the fourth quarter of 2025, Fortescue Metals Group in Australia is expected to produce 49.8 million tons of iron ore, a 2% decrease year-on-year.

This year, the enthusiasm for winter stockpiling of construction steel in Shandong Province, China, has cooled down, and winter inventories will continue to decline.

In 2025, China exported 6,690 ships, a year-on-year increase of 16.2%.

International commodity prices are rising across the board, and several countries are urging their citizens to leave Iran.

China’s latest advisory news: Trump says he’s canceling all talks with Iranian officials; steel futures rise in overnight trading.

China Shagang’s scrap steel prices rise by 50 yuan; China Ansteel, Bensteel, and Linggang announce February price adjustments.

The State Council executive meeting deploys policies to boost domestic demand; Zhongtian Steel and Yonggang announce their latest price adjustments.

Pressure Eases, Resilience Remains—A Forecast of the Impact of Global Steel Trade Remedies on China in 2026