Author: Rounak Gairarey
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Indian Sponge Iron Export Offers Slide on Limited Trades
Indian Sponge iron export offers to Bangladesh declined by USD 5/MT, as per SteelMint’s weekly assessment. As per participants, export offers drop in line with poor inquiries as local steel demand in Bangladesh is weak currently due to ongoing monsoon season. Likewise falling imported scrap prices and depreciation of Indian rupee are the major key…