Sponge iron export prices are currently at $350/t CPT Raxaul for Nepal and $349/t CPT Benapole for Bangladesh, supported by a modest improvement in buying.
- Nepal: Sponge iron offers rose by $1/t w-o-w to $350/t CPT Raxaul. Transactions of 1,000 t were recorded, showing limited buying.
- Bangladesh: Approximately 9,200 t was booked at $348-350/t CPT Benapole, supported by price adjustments from sellers to stimulate demand.
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