Bangladesh Steelmakers Prefer Imported Scrap over Billet

Bangladesh steelmakers are preferring imported scrap over billet due to differential duty structure. Scrap attracts an import duty of BDT 1,500/MT (USD 19/MT). Whereas, billet attracts an import duty of BDT 7,000/MT (USD 90/MT). In the last union budget, Bangladesh government has

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