India: Sponge iron export offers fall by $6-11/t w-o-w; Bangladesh sees sharp uptick in buying

India’s sponge iron export offers dropped significantly w-o-w, as per BigMint’s weekly assessment.

• Nepal: Export offers fell $11/t to $324/t CPT Raxaul. Buying interest remained largely muted, with limited inquiries observed.
• Bangladesh: Offers declined by $6/t to $334/t CPT Benapole. The price correction prompted a notable uptick in buying activity, with approximately 17,500 t traded within $332-335/t CPT Benapole against 3,500 t last week.