Author: Manish Vasdev
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Indian trader concludes two rakes of sponge iron export deals for Nepal
An Eastern India based supplier has reported 2 rakes (around 5,000 t) of sponge iron (70:30 mix) export deals to Nepal. The deals have been concluded at around $390/t loaded to rake, Eastern India, which is slightly higher compared to the last deals. The landed cost of these to Nepal would be around $415/t CPT…