Author: Manish Vasdev
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Indian sponge iron export prices remain stable on active demand
SteelMint’s weekly benchmark sponge iron (80 FeM, 100% lumps) export price assessment remained stable as nearly 10,000 t deals were reported at $430-435/t CPT Benapole, equivalent to $445/t CFR Chittagong, Bangladesh. The export demand remained active due to higher offers & shortage of scrap at major mills. Also, a few lots of sponge mix grade…