Author: Manish Vasdev
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Indian Sponge iron export offers fall by $10/t, w-o-w
SteelMint’s sponge iron (FeM 80%, lumps 100%) export price assessment fell by $10/t to $425/t CPT Benapole, equivalent to $455/t CFR Chittagong. About 5,000 t of deals were confirmed this week. Prices fell due to a drop in domestic offers by INR 1,000/t ($13/t), w-o-w. A deal for 1,250 t of sponge iron (FeM 80-82%,…