Author: Manish Vasdev

India: Sponge iron export offers fall by $35/t in fresh deals

Oct 28, 2021

—

by

Manish Vasdev

in Sponge Iron

SteelMint’s sponge iron (FeM 80%, lumps 100%) export assessment dropped $35/t to $480/t CPT Benapole, equivalent to $510/t CFR Chittagong. About 4,000 t of deals were reported this week. Offers to Nepal (FeM 80%, 70:30 lumps, fines) were floated at $480/t loaded on to rake, equivalent to $505/t CPT Nepal. Following a drop in domestic…