India’s sponge iron export offers witnessed a decline of $2/t this week.
- Nepal: Export offers fell marginally by $2/t w-o-w, settling at $322/t CPT Raxaul. Buying interest from Nepal remained largely subdued, with limited inquiries reported throughout the week.
- Bangladesh: Demand remained strong, with around 14,000 t of sponge iron deals concluded in the range of $330-333/t CPT Benapole.
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