Indian sponge iron export demand remains weak on festive holidays

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SteelMint’s weekly price assessment remains firm at $450/t CPT Nepal, (FeM 80%, lumps 70%, fines 30%). No fresh deals were reported for Nepal this week due to Durga Puja and Dussehra amid opening concerns of L/C.
Offers for Bangladesh have declined by $5/t to $395/t CPT Benapole. However, no major deals were reported on account of festivals.

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