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Bangladesh: Feb Bulk Ferrous Scrap Imports Up 79%

Bangladesh's bulk ferrous scrap imports witnessed a sharp increase by 79% on a monthly basis. The country imported a total of 1,66,970 MT of scrap in Feb’20 as against 93,190 MT of imported in Jan’20, as per vessel line up data maintained with SteelMint.
On yearly premises too, the imports shoot up by around 465% Y-o-Y in Feb'20, as against 29,550 MT of scrap in Feb'19. A total of 7 bulk vessels arrived at birth in Feb’20. Japan supplied 4 vessels carrying 71,317 MT of bulk ferrous scrap in Feb'20, with 43% of share in total scrap imported by Bangladesh

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