Author: Manish Vasdev
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India: Sponge iron export offers drop by $25-30/t
Sponge iron (FeM 80%, 100% lump) export prices to Bangladesh fell by $30/t to $500/t CPT Benapole, equivalent to $530/t CFR Chittagong. Bids remain limited due to prevailing festive mood and weak steel demand in Bangladesh. Offers for Nepal also plummeted by $25/t to around $530/t CPT Nepal for FeM 80%, lump 70%, fines 30%.…