- Nepal demand remains selective, Bangladesh stays weak
- Export bookings limited amid volatile market sentiment
India’s sponge iron export market witnessed a mixed trend in the assessment week ended 11 September 2026, with offers showing marginal adjustments amid subdued buying interest. Total export bookings concluded were estimated at around 3,200 t, with transactions concluded at varied price levels, primarily for Nepal. Demand from Bangladesh remained weak, limiting further upside in export offers.
Nepal market shows mixed price movement
Export offers for pellet-based direct reduced iron (PDRI) to Nepal declined by $2/t w-o-w to $320/t CPT Raxaul, according to BigMint’s weekly assessment. The correction reflected subdued buying interest despite continued export activity. In contrast, offers for CDRI mix DRI increased by $4/t w-o-w to $348/t CPT Raxaul. The divergent movement between the two grades indicates varied price responses across the Nepal market during the week.
Bangladesh demand remains weak
Export offers for 100% lump-based CDRI to Bangladesh declined marginally by $2/t w-o-w to $358/t CPT Benapole. Buying interest remained weak from the neighbouring market, limiting scope for higher offers despite continued availability from Indian suppliers.
Overall, subdued demand across key neighbouring markets kept India’s sponge iron export market cautious during the week. While export bookings remained limited, the mixed movement in offers reflects selective buying and varying demand across destinations.
Leave a Reply