India: 2,500 t of sponge iron export deal concluded for Nepal; Bangladesh inactive

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SteelMint’s weekly price assessment dropped by $5/t to $430/t CPT Nepal, (FeM 80%, lumps 70%, fines 30%).
One rake (2,500 t) of sponge iron was sold in the beginning of the week at $410/t LTW eastern India, equivalent to $430/t CPT Nepal (FeM 79-80%, lumps 70%, fines 30%).
Meanwhile, no fresh deals were heard for Bangladesh this week due to LC concerns along with frequent power outages. Offers for Bangladesh stand at $390/t CPT Benapole.

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