India: Sponge iron export prices drop to one month-low

SteelMint’s weekly sponge iron (FeM 80%, lumps 100%) export price assessment fell by $20/t to $460/t CPT Benapole, equivalent to $490/t CFR Chittagong, Bangladesh. About 6,000 t of deals were reported this week.

• Export prices of sponge iron slipped due to a steady decline in domestic prices on sluggish demand and fall in coal and iron ore pellet prices, SteelMint notes.