Author: Manish Vasdev
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India: Sponge iron export offers stable, demand remains low
SteelMint’s weekly sponge iron (FeM 80%, 100% lump) export price assessment for Bangladesh remains stable following a round of volatile domestic prices and disparity between bids and offers in export deals. Current offers are reported at $480-485/t, CPT Benapole, equivalent to $500-505/t, CFR Chittagong. However, buying interest has reportedly fallen by $10-15/t. As raw materials…