Bangladesh's imported scrap market has stalled as buyers and sellers fail to agree on prices. Offers from Australia and Brazil remain above bids, with buyers citing various factors for their hesitation.

Sellers expected rising freight costs to incentivize buyers, but the latter point to liquidity concerns, currency weakness, and the monsoon season as reasons for holding off.

Recent declines in domestic scrap and rebar prices have also shifted buyer preference towards readily available domestic material. This, coupled with flooding and weak construction demand, has dampened the market for imported scrap.

The impasse is expected to persist until the monsoon season concludes and market conditions stabilize.