India: Sponge iron export offers for Nepal, Bangladesh decline $6/t w-o-w

Indian sponge DRI export offers for Nepal and Bangladesh edged down this week, as buyers exhibited a cautious approach, influenced by subdued domestic steel demand.

• Nepal (CPT Raxaul): Offers declined by $6/t w-o-w to $340/t amid muted buying.
• Bangladesh (CPT Benapole): Prices dropped by $6/t w-o-w to $350/t, with deals of around 9,000 t confirmed.