Author: Romil Sethi
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India: About 4,500 t of IF-route billets sold to Nepal
In a fresh deal heard by SteelMint, about 4,500 t of induction route (IF) billets were sold to Nepal by eastern India-based mills at around $650-660/t exw, equivalent to $675-685/t CPT Nepal. SteelMint recorded about 3,500 t of sponge iron deals recently at around $480-485/t CPT Nepal, for material comprising FeM 79-80%, lumps 70%, and…