SteelMint’s sponge iron (FeM 80%, lumps 100%) export price assessment to Bangladesh declined by $10/t, w-o-w, to $500/t CPT Benapole, equivalent to $530/t CFR Chittagong. About 4,000 t of deals were confirmed in the beginning of the week; however, later buyers held back opting to wait and watch. Prices fell due to the decrease in domestic offers by up to INR 1,000/t ($13/t) on the week.
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