Author: Romil Sethi
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Indian sponge iron export offers rise by $5/t, demand turns sluggish
SteelMint’s weekly price assessment rose by $5/t to $420-425/t CPT Nepal (FeM 80%, lumps 70%, fines 30%). There were no fresh export deals for lumps-based DRI (C-DRI), while only about one rake of pellets-based DRI (P-DRI) deal was concluded at $365-370/t LTW from eastern India, equivalent to $385-390/t CPT Nepal. About 3,000 t of 79…