Tag: Sponge Iron

India: South African RB2 portside demand sluggish as sponge iron units resort to domestic purchases

Aug 26, 2021

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by

Rituparna Ghosh

in Non Coking

After a two-week gap, South African thermal coal demand softened this week as sponge iron manufacturers resorted to procuring domestic coal amidst escalated imported offers. Subsequently, a few traders have even lowered their portside trade rates for RB2 (5,500 NAR) by INR 200-250/tonne (t) and sold at INR 9,100/t at Gangavaram. Prices exclude cess and…