Author: Manish Vasdev
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India: Sponge iron export offers drop on minimal buying interest
Indian sponge iron prices continue to remain under pressure, having decreased sharply of late for domestic as well global buyers. SteelMint’s benchmark price assessment for sponge iron exports (FeM 80%, 100% lump) has moved down by $25/t on week to $450/t CPT Benapole, equivalent to $475-480/t CFR Chittagong, Bangladesh. As per suppliers, weak demand, improvement…