Author: Manish Vasdev

India: Sponge iron export prices rise but demand remains poor

Jan 20, 2022

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by

Manish Vasdev

in Sponge Iron

Sponge iron (FeM 80%, lumps 100%) export prices to Bangladesh climbed $15/t to $495/t CPT Benapole, equivalent to $525/t CFR Chittagong, as per SteelMint assessment. Prices rose as domestic offers gained by up to INR 1,000/t ($13/t), w-o-w. However, export demand continues to remain weak, as the major buyers held purchases citing higher offers. Buyers…