Author: Manish Vasdev

SteelMint’s benchmark sponge iron export price increased this week by $10/t in recent deals of about 15,000 t to Bangladesh. The deals have been recorded at $380-385/t CPT Benapole (equivalent to $395-400/t CFR Chittagong, Bangladesh). Significant surge in global scrap prices along with tightening sponge prices in Indian domestic market have resulted in further hike…