BigMint’s weekly price assessment indicates a significant increase in sponge iron export offers by $8-12/t w-o-w. Attributed to firm buying activity in the global spot market this week.
- Approximately 5,000 t of sponge iron were sold towards Nepal between $354-358/t CPT Raxaul.
- Offers for sponge iron destined for Bangladesh rose by $367/t CPT Benapole. However, no bookings were reported this week.
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