BANGLADESH APPETITE FOR SCRAP RISES AS NEW FURNACES COME ONLINE
February 1st, 2016
Bangladesh’s imports of scrap metal has risen sharply as local steel millers turn to billet production, bolstering supplies encouraged by growing demand for finished products, Steel First has learnt.
Industry insiders said the south Asian nation imported around 1.5 million tonnes of steel and iron scrap in 2015 and estimates suggest that annual imports could surge to around 2.5 million tonnes by the end of this year.
Steel sector managers said this growth is mostly led by industry players the BSRM group and Abul Khair group who have established new arc and ...
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