No fresh inquiries have been reported from Bangladeshi mills on the back of rising Indian sponge iron export offers due to domestic gain. Current offers for sponge (FeM 80, 100% lumps) are at $310/t CPT Benapole (equivalent to $330/t CFR Chittagong, Bangladesh) up by $5/t w-o-w, as per SteelMint’s weekly assessment. The major Bangladeshi mills have held purchases from a long time due to the high cost of sponge iron, exporters stated.
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