India: Sponge iron export offers to Nepal, Bangladesh rise as bookings improve

India’s sponge iron export offers edged up w-o-w, amid an uptick in bookings, particularly from Bangladesh. Around 11,000 t were traded this week.

• Nepal: Export offers inched up by $1/t to $333/t CPT Raxaul despite limited buying interest.
• Bangladesh: Offers rose by $4/t to $342/t CPT Benapole, supported by stronger demand and higher inquiries.