India’s sponge iron export offers for Nepal and Bangladesh surged by $6-10/t w-o-w, driven by improved buying interest amid varying offers. Deals for approximately 13,500 t were concluded for both markets this week.
- Nepal: Offers rose to $348/t CPT Raxaul, with deals for around 7,500 t confirmed.
- Bangladesh: Prices stood at $340-345/t CPT Benapole, with deals for approximately 6,000 t finalised.
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