Author: Prashasti Giri
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India: Sponge iron export offers to Nepal, Bangladesh rise $8-10/t w-o-w
BigMint’s weekly assessment of sponge iron export offers shows an uptick this week of $8-10/t. Fluctuations in domestic sponge iron prices and weak finished steel sales have kept buying activity low. Export prices rose to $355/t CPT Raxaul for FeM 80% (70:30 mix). About 2,000 t of sponge iron deals to Bangladesh were tracked this…