India’s sponge iron export offers for Nepal increased by $4/t w-o-w to $341/t CPT Raxaul, while prices for Bangladesh remained firm w-o-w at $340/t CPT Benapole, shows BigMint’s weekly assessment. Prices for Nepal rose despite buying from neighbouring markets being limited due to global economic uncertainties. Approximately 6,000 t of sponge iron were sold, with shipments destined for both Nepal and Bangladesh.
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