Author: Manish Vasdev
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India: Sponge iron export offers to Bangladesh fall $15/t
SteelMint’s weekly sponge iron (FeM 80%, 100% lump) export price assessment for Bangladesh dropped by $15/t on account of limited domestic demand and poor inquiries from the neighbouring nation. Current offers hover at around $455/t, CPT Benapole – equivalent to $480/t, CFR Chittagong. Major Bangladeshi mills are out of the market at present and hence…