- SteelMint’s sponge iron (FeM 80%, lumps 100%) export price assessment fell by $5/t to $435/t CPT Benapole, equivalent to $465/t CFR Chittagong. About 5,000 t of deals were reported, while buying remained low amidst sufficient stocks at the major mills.
- Domestic sponge iron prices are expected to soften further due to subdued demand on declining raw material prices and sluggish trends.
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