Author: Manish Vasdev

Sponge iron export offers to Bangladesh dropped further to a three month-low since Nov’20 in recent deals. The fresh offers for FeM 80, 100% lumps are hovering at $340-345/t CPT Benapole (equivalent to $355-360/t CFR Chittagong Bangladesh). The prices fell significantly due to weak demand following rigorous drop in global scrap prices. Meanwhile, recently a…