Author: Rounak Gairarey

Sharp rise in Indian domestic Sponge Iron prices have compelled Bangladesh based induction furnaces to hold back purchase orders in anticipation of price correction. As per assessment, export offers for 78-80 FeM lumps in current week were recorded at around USD 365-370/MT CPT (dry port of India & Bangladesh) & USD 385-390/MT CFR Chittagong. These…