Tag: Nepal sponge deals
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India: Around 4,000 t of sponge iron sold to Nepal
Two rakes (3,750 t) of iron ore-based DRI were sold at $385-390/t LTW eastern India, equivalent to $400-405/t CPT Nepal. With these fresh deals, SteelMint’s price assessment for iron ore-based DRI (FeM 80%, lumps 70%, fines 30%) stands at around $405/t CPT Nepal, up by $5/t w-o-w. The prices are slightly higher against last week,…