Author: Manish Vasdev
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India: Sponge iron export offers rise further as domestic prices edge up
Sponge iron (FeM 80%, 100% lump) export prices to Bangladesh rose by $25/t to $550/t CPT Benapole, equivalent to $580/t CFR Chittagong, Bangladesh, as per SteelMint’s weekly assessment. About 5,000 t of deals were reported this week. Sponge iron prices are trending higher amid the surge in domestic offers and higher coal and steel prices…