Author: Manish Vasdev
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India: Sponge iron export prices drop to one month-low
SteelMint’s weekly sponge iron (FeM 80%, lumps 100%) export price assessment fell by $20/t to $460/t CPT Benapole, equivalent to $490/t CFR Chittagong, Bangladesh. About 6,000 t of deals were reported this week. Export prices of sponge iron slipped due to a steady decline in domestic prices on sluggish demand and fall in coal and…