Author: Manish Vasdev

India: Sponge iron export offers stay strong in recent deals

Oct 21, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s sponge iron (FeM 80%, lumps 100%) export price assessment rose $5/t to around $515/t CPT Benapole, equivalent to $545/t CFR Chittagong, Bangladesh. About 5,000 t deals were reported this week. Offers to Nepal remain stable at $495/t loaded on to rake, equivalent to $520/t CPT Nepal. Amidst volatile Indian sponge iron prices, export offers…