Author: Manish Vasdev

Demand for Indian sponge iron (FeM 80%, 100% lumps) from major buyer, Bangladesh, remains poor in the absence of fresh export deals this week despite a plunge in offers by $10/t to $430/t CPT Benapole, equivalent to $450/t CFR Chittagong. Major Bangladesh-based plants have sufficient stocks of sponge iron and bushelling scrap resulting in low…