Author: Romil Sethi

One mini rake of pellet-based DRI was sold at $370-375/t LTW eastern India, equivalent to $400/t CPT Nepal. About 2,000 t of sponge iron was sold to Bangladesh recently. Current offers stand at $395-400/t CPT Benapole. Production in Bangladesh has dropped further due to scarcity of power. Offers for iron-ore based DRI (FeM 80%, lumps…