- Sponge iron (FeM 80%, lumps 100%) export prices to Bangladesh rose by $5/t to $505/t CPT Benapole, equivalent to $535/t CFR Chittagong, Bangladesh, as per SteelMint’s weekly assessment.
- About 7,000 t of deals were reported in the beginning of week at $490-495/t CPT, however later buyers hold bids on rising prices.
- Rising scrap prices and subdued domestic demand in Bangladesh, resulting active demand for sponge iron, SteelMint notes.
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