BigMint’s weekly price assessment indicates that sponge iron export offers fell further by $3/t w-o-w, due to limited demand in the global spot market for sponge iron this week;
- Approximately 5,500 t of sponge iron were sold to Nepal at $403/t CPT Raxaul, as buyers are awaiting clarity on the duty applied by the government under the new policy.
- Offers for Bangladesh dropped to $405/t CPT Benapole due to weak demand, with no buying activity reported this week.