A
quiet week in Bangladesh ensued, largely because of Eid holidays, but it was
difficult to steal the thunder from the in-form Indian market after their
showing over the previous few weeks.
Steel
prices have settled in Chittagong after a turbulent last month, with the
currency stable and demand beginning to improve after a less than impressive
start to the fourth quarter of the year.
It
was understandable to see no market sales recorded over the holiday period, and
with the China market softening recently, it will be interesting to see how
prices rebound once end buyers get back to the table to acquire. A competitive
Bangladesh may see Pakistan and even India push on yet further, in order to
secure their share of the market tonnage.
Source:
Steel Guru. 22 October 2013
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