Bangladesh demand came roaring back this week, with many buyers keen to stock plots and fulfill bank limits, presumably for April deliveries, ahead of the monsoon season beginning end May early June.
Both the currency and local steel plate prices remained on an even keel and buying has been relatively muted in Chittagong over the recent past, owing to a freshly dispatched set of Chinese billets pre Chinese New Year and due to ongoing strikes and political unrest throughout the country.
One sale was concluded for the week as the Chinese controlled handymax bulker HE YUAN (8,679 LDT) was sold for a decent USD 365 per LT LDT.
Source: steel guru. 18 Mar 2015