Intel Details

India: Sponge iron export offers plunge amid drop in domestic prices

Pig Iron
26 May 2022, 17:53 IST
Steel Mint Intel

  • Sponge iron (FeM 80%, 100% lump) export prices to Bangladesh plummeted by $30/t to $410/t CPT Benapole. About 8,000 t of deals were reported this week at a price range of $405-415/t CPT basis.
  • The prices fell continuously on account of the slump in domestic offers due to the recently-imposed export duties on several steel-related commodities by the Indian government.

26 May 2022, 17:53 IST
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