Author: Manish Vasdev

Indian sponge iron export demand from the major buyer, Bangladesh, continues to remain poor. Hence no fresh deals were reported this week. However, offers surged by $20/t to $445/t CPT Benapole, equivalent to $470/t CFR Chittagong for FeM 80% (100% lumps) material. Export prices gained due to a surge in prices in eastern India by…