Author: Romil Sethi
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Indian sponge iron export offers rise on domestic price gains
SteelMint’s weekly sponge iron export price assessment rose by $10-15/t on surge domestic offers by up to INR 1,000/t ($13), w-o-w. Offers for Nepal stood at $490-495/t CPT Raxaul and three rakes (8,000 t) of deals were confirmed this week, out of which recent one rake was sold at $475/t LTW from eastern India, equivalent…