- SteelMint’s sponge iron (FeM 80%, lumps 100%) export price assessment to Bangladesh has dropped to $430-435/t CPT Benapole against $435/t last week.
- 5,000 t of deals were confirmed this week. Demand remains subdued as buying by the major Bangladeshi mills remains limited due to sufficient stocks.
- About 5,000 t of sponge deals were reported to Nepal, with the latest deal getting concluded at $445-450/t CPT Raxaul border, (FeM 81-82%, lumps 100%).
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