Political and economic instability weakens Bangladesh's scrap demand

Bangladesh’s imported scrap demand has been weak largely due to the decrease in construction activity and lack of purchasing interest. This slowdown has particularly affected rebar dealers and steel suppliers involved in government-funded projects, where supply has been significantly reduced in recent months.

Added to these challenges, political instability and disruptions to shipping routes have made importing scrap from distant countries such as Brazil and Australia less attractive. Higher costs and uncertainties surrounding long-distance shipments have further dampened enthusiasm for overseas purchases.

Market experts suggest that demand for imported scrap in Bangladesh is unlikely to recover soon. The ongoing political and economic instability continues to create an unfavorable business environment, limiting any potential for recovery. Unless there is a significant improvement in these areas, the scrap market is expected to face prolonged pressure in the coming months.