Tag: Sponge iron Export

Sponge iron (DRI) export from India to Bangladesh, a neighboring country, has increased Y-o-Y. Subdued demand in the Indian domestic market has given a signal to domestic steel makers to look into export into the neighboring countries amid competitive prices. It is expected that Bangladesh steel industry’s production capacity will threefold in FY16-17 to above 3 MnT. Sponge…