Author: Manish Vasdev

Sponge iron (FeM 80%, lumps 100%) export prices to Bangladesh rose by $5/t to $505/t CPT Benapole, equivalent to $535/t CFR Chittagong, Bangladesh, as per SteelMint’s weekly assessment. About 7,000 t of deals were reported in the beginning of week at $490-495/t CPT, however later buyers hold bids on rising prices. Rising scrap prices and…