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Bengal’s demand for imported scrap steel has slowed, with local price advantages suppressing imports.

Category: Blog

Time:2026-04-30

　　According to market sources, the Bangladeshi imported scrap steel market remains largely inactive as persistently lower-priced local scrap continues to dampen purchasing interest. Rising container freight rates by about USD 200, coupled with higher raw material prices, have further undermined the viability of imports.
　　The weekly assessment as of the week ending April 29, 2026, reveals a divergent price trend: European container-grade scrap prices fell by as much as USD 4 per tonne, while bulk-grade prices from other sources edged up by USD 1 per tonne. European-produced container-grade HMS (80:20) is now assessed at USD 390 per tonne on a CFR basis, down USD 2 per tonne week-on-week; crushed scrap stands at USD 413 per tonne, a decline of USD 4 per tonne. Japanese-produced bulk-grade H2 is quoted at USD 395 per tonne on a CFR basis, up USD 1 per tonne; U.S.-produced bulk-grade HMS (80:20) is priced at USD 404 per tonne on a CFR basis, also up USD 1 per tonne.
　　Ongoing pressure on fuel costs and uncertain steel demand have dampened purchasing interest. High freight rates and firm global scrap prices have reduced the viability of imports, prompting buyers to turn to domestic raw materials. Volatility in rebar prices has further fueled caution, while limited vessel availability and tight global supply conditions have further constrained market activity.
　　Japanese-produced H2 scrap is reportedly quoted at around USD 415 per tonne on a CFR basis, while Hong Kong-produced PNS is tentatively priced near USD 445 per tonne on a CFR basis; however, actual transaction levels remain weak. Australian-produced HMS 80:20 is being offered at USD 397 per tonne and quoted at USD 400 per tonne on a CFR basis, but no deals have yet been struck. Australian-produced Busheling is quoted at USD 425 per tonne on a CFR basis. UK-produced HMS 80:20 is tentatively priced at USD 385–390 per tonne, with crushed scrap at USD 415–420 per tonne.
　　It is reported that a 1,000-ton shipment of Singapore-produced PNS was sold on a CFR Chittagong basis at USD 425 per ton, while a 500-ton shipment of Philippine-produced GI bundled material was sold on a CFR Chittagong basis at USD 345 per ton.
　　Domestic market trends are mixed, with local scrap steel prices ranging from 55,000 to 56,000 taka per tonne (equivalent to US$448–456). Rebar prices in Dhaka stand at 83,000 taka per tonne (US$676 per tonne), while prices in Chittagong are even higher, at 93,000–95,000 taka per tonne (US$757–773 per tonne).
　　The Bangladeshi market is expected to remain sluggish over the next week, with persistently high import costs likely keeping buyers cautious. Continued volatility in rebar prices and elevated freight rates may also constrain new orders.

Keywords: Bengal’s demand for imported scrap steel has slowed, with local price advantages suppressing imports.

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Bengal’s demand for imported scrap steel has slowed, with local price advantages suppressing imports.

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