Author: Romil Sethi
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India: About 10,000 t sponge iron deals concluded to Nepal
Three rakes of (7,500 t) sponge iron were concluded at $435-440/t LTW – eastern India, equivalent to $455-460/t CPT Nepal (FeM 79-80%, lumps 70%, fines 30%). Also, 2,500 t of premium grade (FeM 81-82) sponge iron deals were confirmed at $460/t LTW from Odisha belt, equivalent to $480/t CPT Nepal. With these fresh deals, SteelMint’s…