India: Sponge iron export offers fall to over 4-month low

  • Sponge iron (FeM 80%, 100% lump) export prices to Bangladesh fell by $35/t to $440/t CPT Benapole. Similar price levels were last recorded in Jan’22 as the decline in domestic prices are weighing on export offers. About 12,000 t of deals were reported this week.

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