Author: Manish Vasdev

SteelMint’s export price assessment for sponge iron lumps (FeM 80%) stayed firm this week with fresh deals of 2,000-2,500t. The average price was at $455/t CPT Benapole, equivalent to $480-485/t CFR Chittagong, Bangladesh. Demand remains subdued with fluctuating scrap prices globally. Fresh offers for Nepal are at around $430/t for FeM 80% (mix of lumps/fines…