India: Sponge iron export offers to Bangladesh, Nepal rise by $3-11/t w-o-w

India’s sponge iron export offers continued to rise w-o-w, with Nepal’s offers increasing by $11/t to $365/t CPT Raxaul and Bangladesh’s offers rising by $3/t to $366/t CPT Benapole, as per BigMint’s weekly assessment.

• Nepal: Demand remained muted due to ongoing power shortage issues, resulting in fewer inquiries w-o-w.
• Bangladesh: Some deals, totalling approximately 5,000 t, were concluded in the range of $365-367/t CPT Benapole