India’s sponge iron export offers to Nepal and Bangladesh dropped by $7/t w-o-w to $339/t CPT Raxaul and $345/t CPT Benapole, respectively, as per BigMint’s weekly assessment. Limited buying led to a price correction, but despite the drop, inquiries remained limited. The market saw muted trade activity, with reportedly only around 2,000 t booked for Bangladesh.
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