BigMint’s weekly price assessment increased by $4/t to $360/t CPT Nepal for FeM 80% (70:30 Mix). Offers for Bangladesh also rose by $1/t to $365/t CPT Benapole. Four rakes (totaling 10,200 t) of sponge iron were sold at approximately $360/t CPT Nepal. Additionally, about 3,000 t of PDRI sponge (78-79% FeM) for Nepal were sold by road at $303-305/t ex-mill in eastern India. Furthermore, approximately 500 t of sponge iron were sold to Bangladesh at around $365/t CPT Benapole.
