Author: Manish Vasdev

Indian Sponge Iron Export Offers Fall Slightly on Weakening Scrap Prices

May 10, 2019

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by

Manish Vasdev

in Sponge Iron

Downtrend in imported scrap prices to Bangladesh and decline in domestic sponge prices in India have collectively lowered sponge iron export offers from India. In recent deals, bulk scrap import prices to Bangladesh moved down by USD 10-15/MT to USD 320-325/MT CFR Chittagong from US origin. Following which bids for import of sponge iron have…