Author: Romil Sethi
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India: Sponge iron demand weakens from neighbouring nations
Sponge iron export demand softened as bulk bookings from Nepal and Bangladesh were absent since past few weeks. With no major export deals and fluctuating Indian domestic prices, SteelMint’s weekly export price assessment to Nepal remained stable at $430-435/t LTW from eastern India, equivalent to $450/t CPT Nepal. Prices to Bangladesh fell by $5/t, w-o-w…