Author: Manish Vasdev
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India: Sponge iron export offers drop by $20/t
Sponge iron (FeM 80%, 100% lump) export prices to Bangladesh fell by $20/t to $530/t CPT Benapole, equivalent to $560/t CFR Chittagong, Bangladesh, as per SteelMint’s weekly assessment. About 5,000 t of deals were reported this week. Prices edged down following a correction in the domestic market to the tune of INR 2,000-2,500/t ($26-33), w-o-w,…