Author: Romil Sethi
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India: 7,000 t sponge iron deals concluded to Nepal
One rake of sponge iron (2,500 t) was concluded at $555-560/t LTW, eastern India, equivalent to $575/tonnes (t) CPT Nepal. 4,000-5,000 t of pellet-based DRI (PDRI) deals were also confirmed at $530/t ex-mill Durgapur basis, equivalent to $550-$555 CPT Nepal. With these fresh deals, SteelMint’s price assessment increased by $25/t, w-o-w to $575/t, CPT Nepal,…