Author: Rounak Gairarey
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Indian Sponge iron Export Demand Remains Bearish on Competitive Scrap Offers
Indian Sponge iron export offers fell by USD 5-7/MT, as per SteelMint’s weekly assessment. The demand remains bearish over competitive/falling offers of imported scrap to the Bangladesh, as per exporters. Also upcoming elections, have kept sentiments dull in Bangladesh. The latest export deals of Indian origin Sponge iron lumps (FeM 78-80) reported at close to…