Sponge iron export offers increased slightly this week by $3-5/t, supported by improved buying activity from Nepal and Bangladesh w-o-w. This rise was majorly due to significant increase in domestic sponge iron prices. Around 4,700 t of sponge iron export deals were recorded between $355-360/t CPT Raxaul for FeM 80% (70:30 mix). Additionally, approximately 8,500 t of sponge iron deals were recorded for Bangladesh this week, with prices reaching $365/ CPT Benapole.
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