Author: Manish Vasdev
-
India: Sponge iron export offers fall on weak demand
SteelMint’s weekly sponge iron (FeM 80%, 100% lump) export price assessment for Bangladesh dropped by $5/t on limited demand and low bids. Current offers hover at $475/t, CPT Benapole, equivalent to $495/t, CFR Chittagong. Buying remains weak as major Bangladeshi mills have sufficient stocks and are waiting for prices to drop. However, a leading Indian…