India: Sponge iron export offers show mixed trends amid limited buying

India’s sponge iron export offers showed mixed trends within a narrow band this week, amid subdued buying interest. Total bookings stood at around 6,000 t, concluded at varied prices for both Nepal and Bangladesh.

  • Nepal: Export offers declined by $3/t w-o-w to $330/t CPT Raxaul.
  • Bangladesh: Offers remained unchanged w-o-w at $342/t CPT Benapole, reflecting stable market sentiment.

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