Author: Romil Sethi
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Eastern India-based mills conclude around 10,000 t sponge iron export deals
Three rakes (7,500 t) of sponge iron were sold at around $455/t loaded to wagon eastern India, equivalent to $470/t CPT Nepal (FeM 80%, lumps 70%, fines 30%). SteelMint’s weekly price assessment was stable at $470/t CPT Nepal, (FeM 80%, lumps 70%, fines 30%). Also, about 2,000 t of sponge iron was sold to Bangladesh…