India’s sponge iron export offers remained unchanged this week, with those to Nepal assessed stable at $315/t CPT Raxaul, according to BigMint’s assessment. However, offers to Bangladesh dropped by $4/t w-o-w to $321/t CPT Benapole. Demand from Bangladesh picked up, driven by slight corrections in spot prices, with approximately 10,000 t booked at varying levels this week.
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