Export prices of sponge iron (FeM 80%, lumps 100%) fell by $10/t to $450/t CPT Benapole, equivalent to $480/t CFR Chittagong. Deals for 2,000 t were reported this week, with bids dropping $15-20/t against floated offers.
- A C-DRI (70% lumps, 30% fines) deal was reported at $430/t loaded on to rake, equivalent to $455/t CPT Nepal.
- Prices remain under pressure on falling steel prices.
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