Indian Sponge iron export offers fall by $10/t, w-o-w

SteelMint’s sponge iron (FeM 80%, lumps 100%) export price assessment fell by $10/t to $425/t CPT Benapole, equivalent to $455/t CFR Chittagong. About 5,000 t of deals were confirmed this week. Prices fell due to a drop in domestic offers by INR 1,000/t ($13/t), w-o-w.

• A deal for 1,250 t of sponge iron (FeM 80-82%, lumps 100%) was concluded to Nepal at around $435/t on CPT basis.