India: Sponge iron export offers to Nepal, Bangladesh drop by $3-8/t w-o-w

India’s sponge iron export offers to Nepal and Bangladesh declined w-o-w amid tepid demand, limited inquiries, and weakening domestic prices.

• Nepal: Export offers fell by $8/t to $354/t CPT Raxaul, amid sluggish buying.
• Bangladesh: Offers saw a marginal decline of $3/t to $360/t CPT Benapole.