India’s sponge iron export offers surged $5-14/t w-o-w, due to a significant increase in domestic prices.
- Nepal: Offers to Nepal increased by $5/t to $320/t CPT Raxaul. However, demand was muted amid the financial year-end, with no fresh inquiries reported.
- Bangladesh: Offers to Bangladesh surged $14/t to $335/t CPT Benapole. Limited buying was observed, with only 3,000 t booked at $333-335/t CPT.
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