India: Sponge iron export offers show mixed trends under pressure from limited bookings

India’s sponge iron export offers showed mixed trends w-o-w under pressure from subdued demand. Export offers to Bangladesh dropped by $11/t to $355/t CPT Benapole, while offers to Nepal remained stable at $345/t CPT Raxaul, as per BigMint’s weekly assessment. Buying activity remained limited, with deals for approximately 6,500 t concluded for both destinations.


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