India’s sponge iron export prices soften in recent deals

India’s sponge iron export offers displayed a mixed trend for Nepal and Bangladesh, with limited transactions at lower prices. Around 5,000 t were concluded for Nepal this week.

  • Nepal: Offers softened to $338-340/t CPT Raxaul, as subdued demand and minimal buying activity kept prices under pressure.
  • Bangladesh: Prices remained within $340-344/t CPT Benapole, amid muted buying demand and lower inquiries.

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