- Write by:
-
Friday, July 27, 2018 - 8:59:21 PM
-
1064 Visit
-
Print
Mining News Pro - As per trade participants, recent small deals for sponge iron exports concluded to a Bangladesh based big mill with reduce prices by USD 5/MT.
The fresh deal price for exports reported at close to USD 325/MT CPT Benapole (dry port of India & Bangladesh), which is equivalent to USD 345-350/MT, CFR Chhittagong, Bangladesh. In the last week, offers were reported at USD 330/MT CPT Benapole & USD 350-355/MT, CFR Chhittagong, Bangladesh.
The current price reduction for exports attributes lessen inquiries from Bangladesh due to weak demand for finished products because of monsoon season. This has narrowed down spot steel trades.
Another key factor behind slump in prices noted, constant fall in imported & domestic scrap prices in Bangladesh. As per SteelMint assessment, during July imported scrap offers to Bangladesh declined by USD 15-20/MT due to global slow down.
The current offers for containerised imported scrap to Bangladesh assessed at USD 375-380/MT Shredded 211 scrap from UK, USD 340/MT HMS 1&2 (80:20) from Europe, CFR Chittagong.
Short Link:
https://www.miningnews.ir/En/News/222982
Sibanye-Stillwater’s Queensland operations are back up and running following a period of severe weather in the first ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Manganese developer Element 25 (E25) will accelerate activities for the planned expansion of its Butcherbird manganese ...
A dual-fuelled ammonia-powered vessel from Fortescue has won the Hydrogen Transport award at the World Hydrogen 2024 ...
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream ...
Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
No comments have been posted yet ...